Gold’s Rough Day Doesn’t Change the Bigger Picture: A Natural Correction in a Structural Bull Market

Gold is pulling back to $4,210 after its record-breaking rally above $4,400, but this retracement is part of the natural rhythm of the market. Behind the short-term volatility, the long-term structural forces driving gold higher — liquidity stress, repo tightening, QE speculation, and collateral repricing — remain firmly intact.