Gold fundamentals remain supportive despite recent correction, analysts say

Gold's recent correction may have caused short-term volatility, but analysts maintain that the structural support remains intact due to factors like central bank demand and safe-haven interest. Even as gold prices have decreased, the overall outlook is still considered by experts to be positive. Central bank accumulation has been a stabilizing force in the market, particularly following events like Russia's invasion of Ukraine, which prompted many to reassess their reserve strategies. Analysts expect central bank buying to increase again, which is typically strategic and long-term. Despite positive fundamentals, future price movements are expected to be influenced by macroeconomic data and policy shifts, making the path forward potentially volatile.