U.S. data supports gold prices despite Iran pessimism, silver production soars as bar and coin sales rebound – Heraeus - KITCO
U.S. data supports gold prices despite Iran pessimism, silver production soars as bar and coin sales rebound – Heraeus - KITCO
Source: KITCO
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DW NOTE
The Hormuz closure sent gold to $5,318 in January. Now it sits at $4,477 — down 16% despite the same structural energy shock, 2,000 stranded ships, and inflation still well above target. Meanwhile silver production "soars" while the metal trades at $66, down 42% from peak. When supply increases into a falling price, that's called a buyers' strike.