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Alasdair Macleod: Trump to inspect the Treasury's gold
By Alasdair Macleod
GoldMoney, Toronto
Friday, February 21, 2025
It will prove difficult for the US Treasury to deflect Trump from opening its gold book, since Elon Musk and Ron Paul appear to be driving the move to come clean over national gold reserves.
Gold and silver continued to rise this week, despite the premiums on Comex futures returning to more normal levels, putting an end to arbitrage flows. In European morning trade, gold was $2,927, up $46 from last Friday's close, and silver $32.92, up 81 cents. Turnover in Comex's gold contract was moderate, but healthier in silver.
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Notably, Comex open interest in gold declined significantly during the market's hiatus. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/trump-to-inspect-the-treasurys-gold
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