Gold’s correction deepened over the past week after stronger-than-expected US jobs data and renewed inflation concerns combined to push bullion below its 200-day moving average for the first time since October 2023. The move marks an important technical setback for a market that has spent much of the past four years in a powerful uptrend, supported by central bank buying, geopolitical uncertainty, fiscal debt concerns and persistent demand for portfolio diversification. While the long-term bullish case remains intact, the market is currently being driven by a very different set of forces. Since mid-April, gold has ... (full story)