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What gold did when the shooting resumed - KITCO

Source: KITCO

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DW NOTE

Gold fell 5.3% last week even as the US-Iran ceasefire collapsed and the Strait of Hormuz entered its sixth month of closure. The metal is down 17% from January's high despite three active major wars and the world's most critical oil chokepoint remaining mined shut. Markets have concluded that none of this matters, or that central banks will not respond to it by debasing faster than they already are.

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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

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What gold did when the shooting resumed - KITCO

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