Surge in Gold Imports Signals Widening US Trade Deficit

Reported 5 days ago

Recent increases in gold inventories held in New York indicate that the US goods-trade deficit may approach record levels, with forecasts suggesting a rise to nearly $162 billion. This influx of gold, driven by fears of tariffs on precious metals, has significant implications for the economy, potentially exacerbating concerns regarding stagflation and recession as imports continue to expand despite gold not affecting GDP calculations.

Source: YAHOO

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