JR: The Fed Pivot narrative is back! Goes like this: Fed tightens too much, inflation comes down, economy cools, and Fed has to cut rates, so buy stocks! Two problems: Fed won't cut. Or, if they do, the economy is in a sharp recession or worse. Take your pick.

At the moment, Gold is down -$330.62 USD since 18 April...
There is no confidence from any investors, at all.
Time to take the car keys away from the teenager.

Suppressing to make it appear plentiful?

Yes, surprising to make it appear plentiful, while they know people invest in futures and derivatives ( paper certifications ) . Once people try to cash in on the paper, there will not be enough physical metal to cover the exchange. Ponzi scheme to trick people into investing.
Long term investors knew this and bought physical.
My first purchase from 1984, when I was a sophomore in high school.
2 pics.