Gold price battles $4,300 support, but BMO sees underlying demand strengthening - kitco.com
Gold price battles $4,300 support, but BMO sees underlying demand strengthening - kitco.com
Source: kitco.com
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DW NOTE
BMO spots strengthening gold demand while the metal tests $4,300 — which tells you the firm sees buyers willing to absorb at a level 60% above the pre-Hormuz norm. Gold hasn't traded below $4,000 since the blockade began 208 days ago, a floor built on seven months of supply disruption, resumed Fed tightening, and fiscal deficits running at $1.9 trillion annually.