Trump Vs. Harris: How Their Fiscal Plans Could Add Trillions To The US National Debt
Portfolio Pulse from Piero Cingari
The fiscal plans of Donald Trump and Kamala Harris for the 2024 U.S. presidential election could significantly increase the national debt. Trump's plan may add $7.75 trillion, while Harris's could add $3.95 trillion by 2035. These plans are impacting financial markets, with rising Treasury yields and potential inflationary pressures. Gold prices, tracked by SPDR Gold Trust (NYSE:SPY), have reached record highs, indicating market anticipation of policy shifts.
October 29, 2024 | 8:17 pm
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Gold prices, tracked by SPDR Gold Trust (NYSE:SPY), have reached record highs despite rising Treasury yields, indicating market anticipation of policy shifts due to fiscal pressures from Trump and Harris's plans.
The article highlights that gold prices, as tracked by SPDR Gold Trust (NYSE:SPY), have reached record highs. This is significant as it suggests that investors are anticipating a shift in policy priorities due to the fiscal pressures from the proposed plans of Trump and Harris. The rising Treasury yields and potential inflationary pressures are contributing to this trend, making gold a more attractive investment.
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