Historical highs at $2,430 per ounce contrast with largest daily loss in years. Gold lingers near highs, US yields over 4.6%, ETF funds lowest since 2019. Can gold over $2,300 be justified, or will conditions shift for $3,000 per ounce?
Central banks and investors continue to buy gold. Shift observed from excess supply to investment demand. Central banks and ETF funds share increases toward 50-60%. Interest rate cuts in the US may impact this trend.
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