Gold Surge Amid Dollar Weakness
- Gold demand from ETFs and central banks sustains at 2025 elevated levels
- USD declines 20-25% from Fed dovishness and fiscal expansion
- Treasury selling persists, driving long yields to 5-6% despite rate cuts
- Global debt/GDP ratio worsens to 4x without resolution
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A Frame is a way to think about how the world could unfold — not a prediction.
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