Likely hood of StagflationHigh inflation with low growth. All good if you're holding Gold. PPI numbers today showed a drop in inflation but retail sales also down. The Feds rate should remain unchanged. Expect unemployment numbers to grow in the months ahead.
if you have a big purchase to make then wait for the sales as retail/wholesale attempt to shift inventory.
Waiting for further drill results from IAU, if as good as previous ones then expect the stock to regain lost ground.