Gold price holds steady to halt nine-day slump - Mining.com

Nine consecutive days of selling pressure just cleared out every tourist and leveraged player in the market. That's textbook capitulation behavior right there. The fact we're holding steady here around $2595 tells me the physical buyers stepped in hard at these levels. COMEX registered inventories are still razor thin and central banks aren't slowing their purchases despite the higher prices. This pullback from the recent highs was overdue and healthy. Smart stackers know these extended selloffs create the best entry points we've seen in months. The fundamentals haven't changed one bit - currency debasement continues, geopolitical tensions remain elevated, and physical demand stays strong. This steadying action after nine days down is exactly what you want to see before the next leg higher begins.