$VanEck Junior Gold Miners ETF(GDXJ)$ After posting its biggest weekly drop in six months, gold is making a strong comeback. Why? Rising concerns about the U.S. economy and ballooning budget deficits are driving renewed demand for safe-haven assets. While the U.S. still has solid economic and financial fundamentals, they’re no longer enough to fully offset the deterioration in fiscal indicators.
Over the long term, Trump-era policies and the global trend toward diversifying away from USD-denominated assets are creating a structural tailwind for gold. Bottom line: Don’t be surprised if gold sets new all-time highs in the coming years. The setup is already in motion.
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