🔥 1,215 GOLD DELIVERY NOTICES ISSUED TUESDAY‼️$FORM

🏦 COMEX GOLD DELIVERIES UPDATE 🏦

Physical activity is picking up in a big way.

➡️ Goldman Sachs issued 590 delivery notices

➡️ Wells Fargo issued 395 notices

➡️ JP Morgan stopped 847 notices

That brings total March gold deliveries to 3,628 contracts, representing 362,800 ounces of gold standing for delivery.$PHA

For context: each COMEX gold contract equals 100 oz, so this isn’t paper shuffling — this is metal being claimed.$ROBO

When delivery volumes accelerate, it signals increased demand for physical settlement rather than rolling contracts forward. In tight market conditions, that can put pressure on available registered inventory and impact spreads between futures months.

Key things to watch next:

• Open interest vs registered supply

• Spread structure (backwardation vs contango)

• ETF flows

• Central bank buying trends

Physical demand doesn’t always move price immediately — but sustained delivery strength can change the supply/demand balance quickly.

Gold isn’t just trading. It’s moving. 🥇🔥

#Gold #COMEX #PreciousMetals #MarketUpdate