Why Gold Sellers Are Creating a Buying Opportunity | Jeffrey Christian #gold #news #investing

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Gold is described at $4,600/oz after its strongest month in decades, but Jeffrey Christian of CPM Group argues the rally is now triggering profit-taking and metal being sold back into the market. His core point is that dealers and refiners cannot afford to carry returned gold, which forces faster liquidation and can pressure prices in the near term. Christian frames the pullback as a buying opportunity for longer-term investors rather than a structural top. The setup implies that while short-term selling can knock the market lower, the underlying bid from strategic buyers should re-emerge once the forced distribution clears. For traders, the key risk is continued supply hitting the market from holders taking profits after an extended run, which could keep spot volatile around the $4,600 area. Near term, the tape looks more vulnerable to corrective selling than fresh momentum buying, but the interview’s message is that dips should still find longer-term demand if the macro and investment backdrop remains supportive.