Gold is entering a different phase.

There is now support from three main directions:

An official request from central banks.

Growing desire to diversify reserves.

Darkening of global geopolitical and financial risks.

This does not mean that gold will not correct.

It also means that behind every potential correction there is a stronger strategic demand base than before.

Therefore, the more important question for gold is no longer:

"Will central banks continue to buy gold?"

"How far can this shift in the structure of global reserves continue?"