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BloFin Research: Gold’s Three-Phase Demand Expansion

Gold’s current rally is rooted in a sequential expansion of structurally distinct buyer classes, sovereign, institutional, and crypto-native, each adding demand without displacing prior layers, in contrast to prior gold cycles where price strength depended on a single dominant category of buyer. Common characterisations of gold as a macro hedge describe what gold does in The post BloFin Research: Gold’s Three-Phase Demand Expansion appeared first on BeInCrypto.

  • Read at BeInCrypto
  • Wed, 06 May 2026 13:34:05 +0000
BloFin Research: Gold’s Three-Phase Demand Expansion