Asian gold demand improves as price pullback draws buyers - Kitco
Asian gold demand improves as price pullback draws buyers - Kitco
Source: Kitco
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DW NOTE
Asian buyers are catching falling knives. Gold is down 21.7% from its January high of $5,318 despite an ongoing Iran blockade that has cut global oil supply by 6%. The pullback has nothing to do with easing geopolitical risk — it has everything to do with the Fed's September rate hike pushing real yields positive while the Strait of Hormuz remains effectively closed.