Gold Slips But Soaring Debt 'Supports Price' as Oil Slides, Bond Rates Ease - BullionVault
Gold Slips But Soaring Debt 'Supports Price' as Oil Slides, Bond Rates Ease - BullionVault
Source: BullionVault
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DW NOTE
Oil is sliding and gold is off 16.8% from its January high while the Strait of Hormuz remains shut and inventories drain at 3 million barrels per day. The debt argument for gold only works if you ignore that markets have spent seven months pricing in supply destruction that hasn't yet shown up in sustained triple-digit crude.