Gold Rises Off a Near Three-Month Low as the Dollar and Yields Ease

The three-month low tells the real story here. We've been watching gold get hammered by dollar strength and rising yields since the election rally peaked. Now we're seeing some technical relief as those headwinds ease temporarily. But don't mistake this bounce for a trend reversal yet. The fundamentals haven't changed - central banks are still buying, COMEX registered inventories remain tight, and real rates are still historically low despite the recent climb. This pullback has created better entry points for stackers who've been waiting. The dollar's dominance won't last forever, and when it rolls over properly, gold will make up for lost time quickly.