US Debt Could Drive Gold to $6,000, Analyst Says

Rising U.S. debt and persistent deficit spending could eventually weaken confidence in the dollar, prompting investors and central banks to increase their gold holdings, with one analyst arguing those trends could drive gold prices toward $6,000 per ounce over the coming years. The outlook is based on long-term fiscal pressures rather than short-term market movements, with growing government debt viewed as a key catalyst for stronger demand for gold as a safe-haven asset.