Relationship Between Gold and Total Debt | BullionBuzz Chart of the Week
This week’s chart ‘Relationship Between Gold and Total Debt’ compares gold to total debt in the US and the US Debt ceiling. As displayed, there is a strong positive correlation between rising debt and rising gold prices throughout history. In response to Covid, total debt has continued to increase and can be expected to continue its rise which should have positive implications for gold. In 2019, Trump signed budget legislations to put a halt on the debt ceiling until July 2021.