Morning Bites (part 2)

📉Russia’s gold output dropped 7.3% YoY in December, after the flat dynamics seen in November, according to Rosstat data. Russia’s gold output also declined 2.5% YoY in 2023. Overall, we remain bullish on gold, amid strong demand from global central banks, high cost support level and potentially lower key rates in the world's top economies (e.g. the EU and US) in 2024. To recap, Russia accounts for ~9% of the world's mined gold output

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