Gold Squeeze Had Traders Looking for Bars as Far Away as Sydney

From bnnbloomberg.ca

The historic squeeze in New York that roiled the gold market last week had investors looking as far as Sydney for supply. Logistical disruptions due to the coronavirus pandemic had led to fears there wouldn’t be enough bullion in New York to meet delivery obligations for contracts traded on the Comex. Investors scoured the globe to track down physical gold, with independent Australian refiner ABC Refinery reporting a surge in demand from North America for deliverable bars last week. Read more on the gold market snarl caused by global virus lockdowns “We have received increased demand from North America, obviously ... (full story)