Gold prices corrected after hitting record highs, but it looks like the big guys aren’t too worried.
Some of the world’s largest money managers are starting to rebuild their gold positions after the correction.
The reason is pretty simple central banks are still buying gold, debt levels are high, currencies face uncertainty, and geopolitical risks aren’t going away.
For them, gold isn’t necessarily about making quick returns. It’s more like insurance.
Interesting to see that while retail investors often panic when gold corrects, some institutions are using the dip to add more.
Gold rally over? Maybe not.
https://www.mining.com/web/worlds-biggest-money-managers-are-rebuilding-gold-positions/
