Update: Gold Rises Off a Near Three-Month Low as Treasury Yields Drop

This bounce off three-month lows tells me the physical buyers stepped in hard around $2540. Treasury yields reversing course removes some pressure from gold, but let's be real - we're still in a consolidation phase after that monster run to $2800. The COMEX registered inventory keeps bleeding out while central banks stay aggressive buyers. These dips are gifts for stackers who missed the earlier move. Physical premiums haven't budged much, which means dealers aren't panicking about supply. Smart money knows this pullback is technical noise against a backdrop of currency debasement and geopolitical uncertainty. Stack the dip.