New research by UC Berkeley geochemists shows that copper in soil and seawater acts as a catalyst to turn organic matter into both methyl bromide and methyl chloride, two potent halocarbon compounds that destroy ozone.
The prospects of more hawkish monetary policy and the sooner start of a tightening cycle should be negative for the yellow metal, but gold didn’t care too much about a more aggressive Fed.
Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021 as investors started to price in tighter monetary policy.