CME-Approved Vault Operator Withdraws: Is the Gold Rally Showing Physical Stress?
➤ Malca-Amit has requested the removal of its Wilmington facility from the COMEX approved depository list, signaling potential stress in the physical gold market. ➤ This withdrawal, occurring amidst a strong gold rally, rising retail participation, and tighter liquidity, suggests pressure is extending beyond paper markets to the physical layer. ➤ The move reduces the available delivery capacity for gold futures contracts, highlighting the importance of approved vault operators in the COMEX physical settlement system.

















