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Post #1336 204
Morning Bites (part 2)

🏆Russia’s gold output was flat YoY in November, vs. the 26.7% YoY fall in October, according to the Rosstat data. Meanwhile, in 11mo23, Russian gold production remained 2.0% lower YoY. We maintain our positive outlook on gold's performance, amid strong physical demand and rising cash costs for gold miners, as well as the potentially lower US Fed funds rate in 1H24

We remind readers that Russia represents ~9% of the world's mined gold production

#gold
https://metals-wire.com/sector/Gold
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