TREE NEWS reports: Gold and Bitcoin have both broken out, with Bitcoin surpassing its bear market trendline and the 21-week moving average, while gold rebounds after a correction. The US government debt surpassing $40 trillion and 10-year Treasury yields near 4.70% are pressuring long-term financing costs, prompting the Treasury to expand buybacks. This macro backdrop is driving renewed interest in hard assets like gold and bitcoin as hedges against debt expansion.
Gold and Bitcoin Break Out as US Debt Hits $40T
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