Joseph Wang dips his toes into the surge in the POG at 00:46 discussing some of the possible recent drivers of price.
1. DXY strength
2. Geopolitical tension
3. COMEX deliveries out of the LBMA
4. Rumours that US Treasury is going to "mark-to-market" its gold reserves
It seems he puts most of the action down to the upswing in COMEX deliveries.
1. DXY strength
2. Geopolitical tension
3. COMEX deliveries out of the LBMA
4. Rumours that US Treasury is going to "mark-to-market" its gold reserves
It seems he puts most of the action down to the upswing in COMEX deliveries.