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Thursday, March 28, 2024

Commodities Are Crumbling – Gold Fixing, Swiss Gold Poll, Or Another Fed Minutes Leak?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Because nothing says unrigged like a collapse across the commodity complex (gold, silver, copper, and crude) as London’s Gold Fixing Company auction takes place… Or did the Fed leak its minutes like it did in 2013? It appears the real reason is the early release of Swiss Gold Referendum poll data that shows a drop from 44% “Yes” to 38% “Yes”.

No it’s not the USD!!

*  *  *

Subtle!!

* * *

There is a 3rd possibility…

SRG SWISS REF poll will be announced unofficially at around 11am EST.

It is a private survey so might be out already…

The last survey had 17% undecided (with 44% supported “Save our Gold”, 39% were opposed)

*  *  *

Data is released:

So a big drop in “Yes” and EURCHF reacts…

and then gave it all back…

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