“June 28th has come and gone, which means the much-anticipated Basel III “macro prudential regulation” to make so-called “safe” banks “safer” has officially kicked off in the European Union (as it will on July 1 for U.S. banks and January 1, 2022 for UK banks). The trillion-dollar question for gold investors is now obvious: What next? The short answer is: Gold will rise, but don’t expect a straight line or zero discomfort/volatility.“
https://www.zerohedge.com/commodities/gold-basel-iiis-trillion-dollar-question