Gold Extends Gains as Traders Gauge Viability of Ceasefire Talks

That losing streak was healthy consolidation after gold's monster run to new highs. Physical demand never wavered during the pullback - COMEX deliverable stocks are still tight and central banks keep buying. Ceasefire talk premium is noise compared to the structural drivers. Dollar weakness, persistent inflation expectations, and record government debt loads aren't going anywhere regardless of Middle East developments. The 2.8% bounce shows how quickly sentiment can shift when leveraged shorts get squeezed. Smart stackers used that nine-day dip to add positions. This geopolitical bounce just confirms gold's role as the ultimate safe haven when uncertainty spikes.