LBMA Gold forward rates go negative again
London Bullion Market Association (LBMA) Gold forward rates have gone negative agains suggestive of physical shortage in the market, according to ETF Securities Ltd (ETFS).
There is possibly strong physical demand from central banks and short covering remains strong. "This tightness has continued into the new week, indicating this was not solely short term pre-debt deadline hedging and post agreement short covering demand."
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