06/09/2026
🪙 Gold dipped to below $4,300 today as rate hike jitters apply downward pressure on the yellow metal, but don't mistake price weakness for demand weakness.
• Central bank purchases hit 244 tonnes in Q1 2026 — nearly 2x the pre-2022 norm
• Investment demand just surpassed jewelry as gold's #1 demand driver
• Several producers are trading well below peer valuations despite strong margins
The valuation gap in gold equities may be the real story. 👇
Gold prices corrected after rising rate expectations, but central bank buying, investment demand, and strong producer margins continue to support gold equities.