Trump’s $50trn debt problem has Aussie hedge funds including L1 Capital rushing for gold

The second term of US President Donald Trump has Australian hedge funds clamouring for gold exposure, betting his administration will fail to arrest the US economy’s spiralling debt and that gold will act as an antidote to the bond market’s carnage.Raphael Lamm and Mark Landau, founders of Melbourne hedge fund L1 Capital, told investors that Trump could spur gold prices higher, despite a bull run in the precious metal outpacing all other major asset classes last year.Loading...