Afternoon ALL,Gold price under a bit of pressure in the Asian...

Afternoon ALL,

Gold price under a bit of pressure in the Asian session and down a couple of bucks last night in the USA. Still well within it's trading range and looking pretty solid at these levels. Futures market keeping a firm grip of price at the moment with somewhere between 250/300 paper contracts for every ounce of physical gold. Physical supply has got so tight that Switzerland has had to go to Russia to import gold bullion, this despite the fact the Russia is a Pariah on the world stage at the moment. Things must be getting pretty desperate if the Swiss are allowed to import 3 tonnes of gold bullion from Russia.

Switzerland is once again importing Russian gold, with over three tons brought into Switzerland from Russia as of May, according to data from the Federal Customs Administration. That represents the first shipment between the two countries since the outbreak of the Ukraine war in February, according to a report from «Bloomberg».

The above was taken from the link provide below

https://www.finews.com/news/english-news/51985-gold-russla-switzerland-imports

Gold supply is getting tighter and tighter and the price will reflect this soon enough.
FFX is producing plenty of the yellow metal and will be producing over 100,000 this year with 200,000 by 2024.....so...

Hold them tight people.................drilling results soon .......................and LEO launching tomorrow...............

All imo and DYOR
REGARDS
FINN