Group 1 - The recent pause in gold prices is attributed to some investors taking profits and reducing their exposure to precious metals, despite structural demand supporting gold's rise [2][5] - Gold prices experienced a significant drop of 6%, marking the largest single-day decline in 12 years and the largest single-day dollar drop in history, following months of record highs [2][4] - Analysts remain optimistic about ongoing gold demand, driven by central banks increasing their reserves in gold and investors seeking a hedge against economic uncertainty [3][6] Group 2 - J.P. Morgan's report suggests that gold may find technical support in the range of $3,944 to $4,000 per ounce, indicating a healthy correction after a strong upward trend [4][6] - Goldman Sachs maintains a year-end price target of $4,900 for gold, citing persistent structural buying as a key factor for future price increases [7] - The Van Eck Gold Miners ETF (GDX) has surged nearly 120% this year, benefiting from the rising gold prices, while Newmont's stock has increased by 140%, making it one of the best performers in the S&P 500 [7]