The biggest risk to gold is: Elon Musk!

Recently, macro trend blogger and economist David Woo stated in an interview that if Musk wants to fulfill his promise to cut a trillion dollars in fiscal spending, he can only start with defense spending, as the U.S. defense industry is a major "cash cow." The fiscal hawks have a very weak advantage in Congress, which is bound to hinder the work of DOGE. The outlook for debt and inflation may continue to rise, which could be beneficial for gold