I recommend everyone read the article. Might have a bit to do with shops closed, no foot traffic and no pay for a couple of months. Here are the last 2 paragraphs. The market remains concerned over the constraints around delivering bullion, which is contributing to price volatility, said Haywood Cheung, president of the Chinese Gold & Silver Exchange Society, which trades physical gold and silver in Hong Kong.Production cuts at gold refiners will help boost prices, he said, while broader conditions remain supportive to bullion. “Even if the virus situation improves, we will continue to see lower interest rates, weaker capital markets and global monetary easing, which will support gold prices,” he said. Hope you piled on the shorts Skol.
