Gold and Silver Pull Back as Fort Knox Debate, Rising US Debt, and Eastern Buying Shape the Market - SD Bullion
Gold and Silver Pull Back as Fort Knox Debate, Rising US Debt, and Eastern Buying Shape the Market - SD Bullion
Source: SD Bullion
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DW NOTE
Fort Knox audits and eastern central bank buying make for good copy, but the story is the $4,013 price — down 24.6% from January's $5,318 high and falling through the floor for seven weeks straight. Gold moved like a monetary asset when the Hormuz blockade and rate cuts were priced in. Now the strait is open, hike odds are at 60%, and it's moving like a crowded trade in reverse.