Retail Investors Remain Confident in Gold Near $4,000, Recent Selling Reflects Disciplined Profit-Taking, Says EverBank

According to Chris Gaffney, President of World Markets at EverBank, in an interview with Kitco News, retail investors are showing little sign of capitulation despite recent selling in gold near $4,000. Gaffney said the current shift in trading activity reflects disciplined profit-taking rather than panic or loss of confidence, with investors locking in gains from the metal's historic rally while waiting for better re-entry opportunities.

EverBank continues to see solid support from central banks even as individual investors have become net sellers. Gaffney emphasized that the distinction between healthy profit-taking and forced selling is critical because it suggests the precious metals market remains fundamentally sound despite recent consolidation.