Due to the shortage of raw gold available at nearby refineries, the mint was forced to suspend the sale of gold bars last month - and the suspension is ongoing.
Central banks continue their gold-buying spree. January saw a net increase of 18 tonnes, with China, India, and Poland leading the way. Physical demand is tightening market conditions.
As the coming recession unfolds, I expect gold to continue its upward trajectory, with silver eventually catching up as it historically tends to lag before making its move.
