RE: Bounce Monday29 Jun 2025 22:20
Looks to me like a few big banks (particularly Citi) have been working to keep a lid on the POG because they need to buy more physical. As my old boss used to say (not long after the Hunt brothers tried to corner the silver market) - 'You can be the biggest in the market, but not bigger than the market'. He went on to execute the (then) biggest single cocoa purchase in history, but that's another story...
The USD looks set to continue to weaken, so not many places to go other than physical gold.