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There’s Enough Gold to Go Around in the Futures Market After All

From bnnbloomberg.ca

Just a few days after fears of a shortage gripped New York’s gold futures market, turns out there’s plenty of supply available for those who want it. Wednesday is the first day that those who held April futures could demand delivery of the metal. The market was plunged into turmoil last week as logistical disruptions caused by the coronavirus pandemic led to speculation there wouldn’t be enough bullion in New York to deliver against contracts traded on the Comex. For more on the squeeze, read: When a Hot Gold Trade Blew Up, the Rush for 100-Ounce Bars Began Fears of a crunch flared when not many investors were ... (full story)

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  • Category: Fundamental Analysis