Gold hits ‘the floor’, buyers come to the fore, but at a loss to score - Kitco
Gold hits ‘the floor’, buyers come to the fore, but at a loss to score - Kitco
Source: Kitco
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DW NOTE
Gold is down 24% from its January high despite the Strait of Hormuz being effectively shut, Israel fighting in Lebanon, and oil at $102. Either the January spike priced in a regional conflagration that didn't happen, or buyers have decided $4,032 is expensive for insurance no one seems to need. The spread between panic and complacency is now $1,286 an ounce.