Lingbao Gold fell nearly five points, and Cipani gold watches fell more than four points; both the iShares Gold ETF and the VanEck Gold Miners ETF fell slightly 🙄
Gold prices are flat, but mining companies and the gold consumer end are under pressure—both are gold price beta, but mining companies bear deeper pressure, and the retail end follows the pullback. Without gold prices breaking new highs, the entire chain will struggle to have an independent rally.
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