Central banks are de-dollarizing and are buying gold
Foreign central banks are leading the push. Algorithms are losing ground
Algo selling of gold is still very obvious tied to Fed rhetoric as evidenced by the elevated dollar but very likely only temporary.
Central banks have been stepping up their physical gold buying pace as they de-dollarize as retail sellers are running out of gold to sell and the algorithmic selling slows down.
Plugged into the programmed failing narrative the Fed will always fight inflation as it arises, the algorithms are well overdue for an internal re-vamping.
Selling is slowing while foreign demand is increasing.. Where's the supply to meet the increasing demand for physical gold going to come from?
From limited gold supply at much higher prices increasing steadily as de-dollarization picks up steam.
Central banks aren't buying paper/gold stocks. The interest in gold stocks will pick up exponentially as physical gold supply is depleted and when the Fed is soon forced to pivot and abandon its superficial inflation fight.