After 9-Day Drop: What’s Driving the Gold Price Rebound? - GoldSilver

That nine-day correction was textbook profit-taking after gold's monster run to $2790. Now we're seeing the bounce as weak hands got shaken out and smart money stepped back in. The fundamentals haven't changed one bit. Central banks are still buying 800+ tonnes annually. COMEX registered inventory sits near multi-year lows while open interest remains elevated. Dollar strength provided the excuse for the selloff, but that's temporary noise against the backdrop of $2+ trillion deficits and persistent inflation. This pullback gave stackers a chance to add at better levels. The trend remains intact. Physical premiums barely budged during the dip, telling you everything about real demand versus paper games.