By Nigel Somerville | Wednesday 8 April 2020
Readers will know that I am a gold bull and think it is a dead cert to go up in the current crisis as governments spend money they haven’t got and central banks roll out the printing presses. Also noticeable is the lack of physical gold supply in the US which has already forced COMEX to change the contract details to allow delivery in London as opposed to New York – a bit of a problem, given that there are no flights to put it on! But why are Gold Futures in June trading $50 above the spot price?
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