$40tn debt, $1.8tn deficit: Why US fiscal strain is worrying global markets
US public debt has now surpassed forty trillion dollars, and the fiscal deficit continues to widen.
Rising Treasury yields are emerging as a key market risk, potentially pressuring equities.
Government spending has surged while receipts have declined, compounding financial pressures.
Interest payments have become a major federal budget burden, surpassing Medicare spending.
This fiscal backdrop is seen as supportive for gold prices.
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