Markets

Gold's Week in Review: From Seven-Session Rally to Jackson Hole Rout - KITCO

Source: KITCO

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DW NOTE

Gold down 13% from January's $5,318 peak despite the Strait of Hormuz being functionally closed and Fed funds at 3.5%. Either the January price was pure panic buying or the market has decided a chokepoint carrying 21 million barrels a day no longer matters. Neither explanation is flattering.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO

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Gold's Week in Review: From Seven-Session Rally to Jackson Hole Rout - KITCO

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