Wall Street's bearish stance on gold is viewed as a rapid bull market narrative.
智通财经2026/09/29 09:06Show original
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- A new bearish logic about gold has emerged on Wall Street.
- This logic suggests that the government is paying excessively high interest on its debt, and the quality of the debt is further deteriorating; therefore, it is time to sell this one and only way out.
- In other words, the so-called bearish case for gold is actually the bullish logic for gold playing out too quickly.
- This statement implies a contradiction between the market's concerns about debt sustainability and the behavior of selling gold; as a result, sentiment may become increasingly volatile. Going forward, the key point of focus is whether changes in interest rate burdens and debt quality can ease this tension.
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