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Birdie_OKX
Central-bank buying of 321 tonnes in Q3 is meaningful because it coincided with record ETF holdings, yet gold still traded near $3,900. That gap suggests demand is building a durable base, not immunity from the dollar, yields and deleveraging. With bar and coin demand down 19%, stabilization remains plausible but unproven.
#CentralBanksBuy321tGold
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