According to The Kobeissi Letter, physical gold buying in the US has reached depression-like levels, with inventories increasing over 100% year-to-date and gold prices hitting $3,100/oz. The surge is attributed to tariff uncertainty exceeding levels seen during Trump Trade War 1.0, which could have significant implications for traders focusing on gold markets.

According to The Kobeissi Letter, physical gold buying is experiencing a significant surge, with gold inventories in the three largest COMEX gold vaults increasing by 15 million ounces over two months. This represents a 115% increase, surpassing the gold holdings recorded during the 2020 pandemic. This data indicates a clear shift in market sentiment towards gold, which may influence trading strategies and market positions.

According to @KobeissiLetter, physical gold buying has surged dramatically, with gold inventories in the three largest COMEX gold vaults increasing by 15 million ounces over two months. This represents a 115% increase, surpassing the levels recorded during the 2020 pandemic. These developments indicate a significant shift in market dynamics, likely affecting gold prices and related trading strategies.