From late April till now, it's mostly common sense that is driving the gold. After such a rally, it's finally consolidating and may even get into a real correction. Who knows?
The gold is highly reactive to the events across the globe meaning every news will impact it to move in any particular direction so we need to be careful while trading this asset.
gold prices are mainly being driven by global economic uncertainty especially around interest rates, inflation, and geopolitical tensions. We are leaning on gold as a safety net.