from ZeroHedge:
Update (1720ET): Gold prices continued to ratchet higher all day and shortly after the cash equity trading close, gold futures
This surge in futures comes after COMEX announced a massive 410k delivery…
TRUTH LIVES on at https://sgtreport.tv/
There it is +410K (all JPMorgan and Brinks): biggest delivery in a month. Big, but hardly earthshattering
If this is enough to push gold up 1.6%, we are about to get major fireworks https://t.co/UsauPG0ZEV pic.twitter.com/cUUCb9UTnf
— zerohedge (@zerohedge) March 13, 2025
Spot Gold prices broke out to a new record high this morning following President Trump’s latest threat to ratchet up tariffs against European imports.
Spot prices hit $2974 this morning…
This moves come just a couple of weeks after “Structurally higher central bank demand” pressured Goldman Sachs Precious Metals Research team to shift their year-end 2025 gold price forecast dramatically higher, from $2890 to $3100/toz with Lina Thomas and the team reiterating their ‘long gold’ trading recommendation.
The chaotic situation in the physical gold market remains with precious metal imports exploding…
…and while gold lease rates have normalized somewhat…
…the flow in COMEX vaults continues. Every single day for the past 3 months physical gold has been delivered to COMEX vaults bringing the total to a record 40.15MM oz or 1,250 metric tons
Precious metal speculators may have a problem as they reduced length into this surge…
