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While gold could continue to fluctuate in the future, economists say it may only be a matter of time before investors see gold as an essential store of value. as America's growing debt becomes a bigger concern.

In its announcement, Fitch said it sees a common U.S. government nightmare projected to grow 6.3% of GDP in 2023, up from 3.7% in 2022. nightmare will further increase by 6.6% and 6.9% of GDP in 2024 and 2025, respectively.