> The vast reserve, which could be the largest single reservoir of the valuable metal left anywhere on Earth, is worth billions of dollars and caused the global price of gold to skyrocket to near-record highs.
Someone explain please? That is not how supply/demand is supposed to work
Roughly looking at a USD/Gold chart: Last 24h +1%, February-November +35%. I think the skyrocketing is the overall market last year, unrelated to this event.
> The vast reserve, which could be the largest single reservoir of the valuable metal left anywhere on Earth, is worth billions of dollars and caused the global price of gold to skyrocket to near-record highs.
Someone explain please? That is not how supply/demand is supposed to work
Roughly looking at a USD/Gold chart: Last 24h +1%, February-November +35%. I think the skyrocketing is the overall market last year, unrelated to this event.