⛏ Gold investment demand remains strong

IEA agrees to release record 400M barrels of oil
The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history. Read on »

Gold investment demand remains strong despite price volatility
Despite gold’s recent disappointing price action, as the precious metal has been unable to hold a safe-haven bid, it continues to attract strong investor interest due to broader geopolitical tensions and shifting macroeconomic conditions, according to the World Gold Council. Read on »

U.S. deficit tops $1 trillion through February but runs below year-ago pace
The U.S. budget deficit surpassed $1 trillion for the fiscal year through February but was sharply lower than the same period a year earlier, Treasury Department data showed Wednesday. Outlays exceeded receipts by $308 billion in February, roughly in line with the deficit recorded in the same month a year ago. Read on »