Gold's Pullback: A Buying Opportunity Amid Central Bank Demand

David McAlvany thinks gold's recent pullback could be a buying opportunity. McAlvany attributes gold's rally to central banks, not retail investors, who he says have been largely absent from the market. With central banks continuing to buy up gold as a reserve asset, he believes the metal could ultimately trade between $5,000 and $8,000 an ounce, but it will take at least a couple years.

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