- In declining volumes, this week gold and silver drifted sideways in the dying days of June.
- With the expiry of gold’s July Comex options, half-year mark-to-market accounting and the introduction of the Basel 3 net stable funding ratio for European and American banks, there has been much to chew on, contributing to investment apathy.
- The greatest unknowns are the long-term effects on market liquidity, assuming bullion bank traders reduce or eliminate their positions, and the timescale they take to do so.
- It is sensible to bear in mind that, despite the clear trend into dollar hyperinflation, the effect on the gold price might prove unexpected at times in the second half of 2021.
For further details see:
Gold Market Report: H2 2021 Beckons