(Kitco News) – Gold's recent 25% pullback reflects shifting macro conditions, but persistent inflation, geopolitical risks and lower real interest rates should support gold prices, while gold stocks have attractive cash flow, margins and valuations, according to Imaru Casanova, Portfolio Manager at Van Eck.Casanova noted that the gold price saw elevated volatility in the first half of 2026 as it fell from the edge of $5,600 per ounce in late January to a low of $3,943 at the end of June.

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