GOLD 0.51% $1,391.7 gold futures

Agree it is right up there as a cost input & its just got...

  1. 4,485 Posts.
    Agree it is right up there as a cost input & its just got substantially cheaper particularly for non US buyers.
    i.e. Brent has come down a lot more than WTI. So the impact will be positive on those energy intensive businesses. All I'm saying is that demand is weakish I'm sure, but no weaker I would have thought than it has been for the last four years. Its supply that has increased & what no one in the media seems to want to talk about is that you can betcha Russia is selling direct to China as much as it can.

    Yep it looks like gold wants to test the lows, can it break? Possibly, but as said previously not for long imo. Equity markets in the US are getting lofty again & I see people are already talking about higher interest rates soon after last night's data.
 
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