Gold Holds Near Three-Month High as Debasement Trade Returns - Bloomberg.com

Gold Holds Near Three-Month High as Debasement Trade Returns - Bloomberg.com

Source: Bloomberg.com

DW NOTE

Gold at $4,681 is still 12% off January's high despite this week's rally — which tells you the debasement trade isn't back, it never left. What changed is that markets stopped pricing Hormuz reopening as imminent. Nine ships a day through the strait versus seventy-three is a supply shock, not a disruption, and someone finally noticed the difference.

Read the full story at Bloomberg.com →