A bit of disappointing news from the World Gold Council today. Gold demand dropped 20% from last quarter to 1050 tonnes while gold supply was flat at 1145 tonnes. So that's why gold did so poorly in the previous months.
So we turned from a 150 tonnes deficit to a surplus of 100 tonnes. The third quarter however should be more positive due to Brexit.
So we turned from a 150 tonnes deficit to a surplus of 100 tonnes. The third quarter however should be more positive due to Brexit.
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