The dollar strengthened by 0.30% today following President Trump’s announcement of a comprehensive trade deal with the UK, which eased global trade tensions. Supporting this rise were better-than-expected US jobless claims data and increased Q1 unit labor costs. Meanwhile, gold prices fell 0.84% to $3,366.13 per ounce due to reduced safe-haven demand and the stronger dollar. Silver prices, however, increased slightly by 0.21% after strong German industrial production data boosted industrial metals demand. Both precious metals found some support from ongoing geopolitical tensions in South Asia and the Middle East, as well as the Bank of England’s interest rate cut.

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$88 Billion a Month: Why U.S. Debt Is Driving Gold Prices
Does US debt drive gold prices? The CBO confirmed the U.S. paid $529 billion in interest in just the first half of fiscal 2026 — $88 billion a month. Gold is at record highs and climbing. Here’s the fiscal mechanism every saver needs to understand before the next $88 billion bill arrives.




