⚡️ The gold market is in full…

⚡️ The gold market is in full tension.

✅ COMEX inventories at their highest since 2022
✅ Massive influx into US vaults of JPMorgan and HSBC
✅ Shortage in London, longer withdrawal times

Investors anticipate an explosion in public debt and further rate cuts in 2025.

Not to mention Trump's threat of commodity taxes, triggering a run on gold reserves.

Gold prices will be interesting to follow in 2025.