Gold drops 1% as markets assess Mideast ceasefire prospects - Reuters

Markets are pricing out war premium as ceasefire talk heats up. That's fine. Gold doesn't need geopolitical chaos to run higher when you've got central banks buying 800+ tons annually and COMEX registered inventory sitting near decade lows. This pullback from $2450 gives stackers a better entry point. The real drivers haven't changed - currency debasement, structural deficits, and Eastern demand. Silver's holding better than gold today, which tells me the industrial demand story is keeping a floor under the white metal. Any dip below $2400 gold gets bought hard by physical markets.