“With U.S. debt nearing $40 trillion, going long on gold is the optimal strategy for now!”—Latest outlook from Bank of America’s Hartnett

Hartnett pointed out that U.S. Treasury debt will not only surpass $40 trillion in the coming days but is also on track to hit $50 trillion around 2029. In this environment, Hartnett believes that going long on gold is the optimal strategy, as it remains the best hedge against dollar depreciation, bond market collapse, and asset inflation.

wallstreetcnAug 17 22:11

Gold short squeeze enters second phase: macro signals align with technicals, $4,500 emerges as key resistance

Analysis indicates that the technical outlook for gold confirmed a bullish crossover with the 50-day moving average on the 21st, while the macroeconomic landscape saw a return to dual resonance driven by Federal Reserve interest rate expectations and Japan's ultra-long-end yields.

wallstreetcn12:27

Gold Gains as Dollar Moves Lower on Reduced Bets for Fed Rate Hike

Seeking Alpha05:37

U.S. Dollar Index Sinks to Three-Month Low After Weak Job Data; BTC Slumps as Gold Rises

TipRanks01:11

Trump issues threat to Oman: Direct airstrikes will be launched if it dares to obstruct the U.S.-Iran peace agreement!

U.S. President Trump has begun threatening to intervene in Oman, which is mediating between the United States and Iran. Earlier, the Iranian military and Ministry of Foreign Affairs took a hardline stance, directly accusing the U.S. of reneging on its commitments and warning that it would employ all available means to countermeasure.

Golden10 DataAug 17 21:03

U.S. Treasury debt to surpass $40 trillion; Bank of America: Going long on gold is a prudent move

Michael Hartnett, Chief Investment Strategist at Bank of America, bases his bullish thesis not on Federal Reserve rate cuts, but on surging U.S. fiscal pressures and aggressive gold accumulation by central banks worldwide. He bets that these two structural supports will drive a significant rally in gold, independent of the interest rate cycle.

Golden10 DataAug 17 21:02