In gold market coverage, Reuters confuses key points on demand, supply and pricing
By GCRU Gold News on Monday, March 23 2020, 01:22 - Permalink
This surge in demand for physical bullion is across the board and is not just in Singapore, with dealers globally facing the same demand surge for physical. Given the huge increase in demand, there is now a supply squeeze in the precious metals supply chain, with gold refineries, mints and wholesalers running out of stock. These bullion shortages are getting worse every day, and there are long delays on replenishing inventory.