XAU above US$3k and many asx listed XAU producers are at ATH's ...........BGL below $1.00
The 700% increase in COMEX gold deliveries for May 2025, with over 22,500 delivery notices recorded by mid-May, reflects significant demand for physical gold. While specific entities taking delivery are not fully disclosed in available data, the surge is attributed to institutions and governments, with indications pointing to large investors, central banks, and possibly major financial institutions like JPMorgan Chase, which planned a $4 billion gold delivery in February 2025. Posts on X and web sources suggest this is driven by strategic moves, possibly tied to global economic shifts, trade tensions, or hedging against currency risks, with China's increased gold imports and the Shanghai Gold Exchange expansion as notable factors. Exact recipients remain speculative, as COMEX data does not publicly detail individual buyers.
BGL Directors are a sovereign risk!
BGL Price at posting:
95.0¢ Sentiment: Hold Disclosure: Held
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