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$1,391.7 gold futures

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Bumble Bee

845 Posts.

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28/06/22

21:15

Post #: 62259164
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Originally posted by LoadedDog: ↑

I don't frequent this thread so I hope this hasn't been covered but the G7 has embargoed Russian gold exports.

Much of their metal is traded through London keeping the LME with at least enough metal to pretend to be legitimate. Physical has been trading at a fair premium over spot simply because buyers go on "back order".

So POG could go up because of physical shortages, or
It could go down because of high interest rates, or
It could go up because we are are in inflationary times.

Happy trading. lol

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