Gold is glittering again – but that’s not necessarily good news
Opinion August 12, 2026 — 11:58am After a near-six month hiatus, the gold price has suddenly surged again.
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Summary
Gold rises near $4,400 as Hormuz doubts, CPI keep Fed path in focus. The US has a debt issue, with gross federal government debt soon to hit $US40 trillion, or 124 per cent of GDP. In the second Trump administration, nearly $US4 trillion will have been added in just over 18 months, with the country’s debt-to-GDP ratio blowing out from 5.8 per cent to about 6.5 per cent of GDP this financial year, according to the Congressional Budget Office’s latest projections.
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Gold rises near $4,400 as Hormuz doubts, CPI keep Fed path in focus.
according to Investing.comThe US has a debt issue, with gross federal government debt soon to hit $US40 trillion, or 124 per cent of GDP.
according to The Sydney Morning Herald - Top Stories +1In the second Trump administration, nearly $US4 trillion will have been added in just over 18 months, with the country’s debt-to-GDP ratio blowing out from 5.8 per cent to about 6.5 per cent of GDP this financial year, according to the Congressional Budget Office’s latest projections.
according to The Sydney Morning Herald - Top Stories +1
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