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Inflation heats up, central banks turn hawkish! Is the wind changing for gold prices?

The escalation of tensions in the Middle East has driven up energy prices, triggering inflation concerns. Major global central banks have be Show More
The escalation of tensions in the Middle East has driven up energy prices, triggering inflation concerns. Major global central banks have been frequently signaling a hawkish stance, with expectations for Federal Reserve rate hikes heating up, further weakening gold's safe-haven demand. Affected by this, spot gold and silver prices have been experiencing volatile declines recently, with gold erasing its gains for the year at one point. Some institutions believe that expectations of major central banks maintaining higher interest rates will weigh on gold prices. A Barclays report noted that the pullback in gold prices might present a relatively reasonable entry opportunity. Do you think the current correction in gold is a chance to buy or a sign of changing trends?
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