From a fundamental point of view, despite the recent slowdown of the price, ETF demand remains stellar, while central banks are still printing money in order to mitigate impact of the economic crisis generated by COVID, a scenario that is likely to last for at least all of 2021. In other words, nothing has really changed, and the 10% decline registered by gold from the peak of August still looks like a significant correction or a consolidation pause, but not a proper inversion.
