Gold price suffers under oil, yield pressures, Mexico’s silver production weakens in July – Heraeus - Kitco
Gold price suffers under oil, yield pressures, Mexico’s silver production weakens in July – Heraeus - Kitco
Source: Kitco
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DW NOTE
Gold fell 21.7% from its January high while the Strait of Hormuz sits closed and oil supply drops by 6%. Heraeus blames yields and oil prices — but if a metal positioned as crisis insurance loses a fifth of its value during the largest oil disruption in history, the problem isn't macro headwinds, it's that the positioning was fiction.