Willem Sells

So everything remains about oil and energy prices and gas prices.

So that has an impact on the producers versus the consumers.

So a lot of Asian countries, you know, being hurt by that.

Europe underperforming versus the US.

The US dollar strengthening on the back of that.

And so therefore, you know, sort of that diversification that we saw over the last, you know, number of months away from the US dollar, that being stalled.

That then has an impact on the treasury market and together with the U.S.

dollar being strong, you know, obviously holds gold back.

But I think the sell-off in gold is probably done.