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Winder: U.S. budget and trade deficits are fueling Western gold demand
Youtube· 2025-09-12 19:50
So I mean we talk a lot about this gold rally and gold hitting new record highs. What's the catalyst right now. Now last year it seemed to be a lot of central bank buying specifically from China as they try to diversify away from the dollar.What's the latest tailwind because we just continue to see gold move higher. Look that hasn't changed. A lot of those tailwinds we saw last year continue.What we have this year adding on are US and Western investor concerns about the twin deficits in the US. So you have ...