There is a growing conversation about US fiscal sustainability and its erratic trade war. Trade tensions have fallen and gold has fallen at the same time but we're still not clear on where the end goal is or how to get there.
With that, the fear (and what's boosting gold) is the possibility that we're just in an ebb in trade negotiations.
At the same time, we're watching the US fiscal package unfold and it looks like there won't be much austerity, with +6% deficits-to-GDP ratios forever.
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