Jefferies says deteriorating fiscal position of the US, coupled with rising government debt-servicing pressures, is creating a favourable environment for gold
Jefferies has turned bullish on gold, citing the deteriorating fiscal position of the US and rising government debt-servicing pressures as creating a favourable environment for the metal.
Japan is also facing fiscal strain, with budget requests for the next year set to hit a record. According to the Japan Times, requests are likely to exceed last year's record ¥122 trillion ($767 billion).
The US and Japan's fiscal situations are seen as supportive of gold, with Jefferies saying the environment is favourable for the metal.
Brief written by urgent.news from Hindu BusinessLine, Japan Times — 2 reports on this story.
Machine-written — may contain errors; check the original before relying on it.
Rolling coverage of the latest events in global financial markets, the economy and major corporate moves The retail sales data suggests that previous resilience among British consumers in the face of…
Deutsche Bank strategists note that United States (US) equities fell sharply as earlier gains in fixed income reversed, with losses across the S&P 500, Nasdaq and Magnificent Seven.
NEW YORK — Of all the indignities South Korean President Lee Jae Myung expected to face in 2026, being run over by Donald Trump probably wasn’t one of them.
The government is set to establish the “Future Fund,” channeling additional and excess tax revenue generated by the semiconductor boom into long-term investments aimed at strengthening the economy…
How much of Hyundai Motor's dramatic stock rally can be attributed to CEO Jose Munoz? Since taking the helm in January 2025 as Hyundai Motor's first foreign CEO, Munoz has faced U.S.
