They always used to buy the dip before the pandemic, it looks like they are going at it again. Gold usually goes higher when they buy it up.
Bloomberg
Asian Shoppers Snap Up Gold Bangles to Bars Amid Price Slump
https://finance.yahoo.com/news/asian-shoppers-snap-gold-bangles-220000684.html
Posted Using LeoFinance Beta
Gold prices haven't recovered but I am guessing there were plenty of people looking for some gold as a hedge but didn't want to buy due to the big guys buying them. If this doesn't keep up prices, then those manipulators might push prices down further.
Posted Using LeoFinance Beta