Reported 29 days ago
Wall Street has been stirring interest around the idea of revaluing the US gold reserves, suggesting that adjusting their price from the 1973 rate of $42 per ounce to current market levels could generate significant revenue for the government. However, this notion is not gaining traction among President Trump's top economic advisors, as they consider the potential political costs and the implications for gold prices. While some economists argue that using such a strategy to address fiscal deficits might be risky, the discussion reflects broader concerns about the US's economic strategies amid soaring gold prices.
Source: YAHOO