Friday, December 13, 2024

Tag: Goldman Commodity Traders: Gold Buying On Our Desk Has Been Relentless

Goldman Commodity Traders: Gold Buying On Our Desk Has Been Relentless, And Silver Is Starting To Move Too

from ZeroHedge:

Something remarkable happened to the price of gold back in early 2022 around the time of the Ukraine war: having previously tracked gold ETF inflows to the tick, the price of gold suddenly disconnected and exploded higher even as “paper gold” as some call it, slumped. We showed this for the firstĀ time back in AprilĀ with the following chart which showed the clear decoupling between paper and physical gold in 2022.