Most traders would probably say... Gold prices would explode overnight." But the answer is... Not necessarily. Here's why.The majority of the world's gold has already been mined. Most of it is sitting in central bank vaults, ETFs, institutional reserves, jewelry, and private holdings. New mining contributes only a small fraction to the total global gold supply each year. So what really moves the price of gold?Not mining.It's...• Market Expectations• Interest Rate Outlook• US Dollar Strength• Central Bank Buying• Geopolitical Risk• Global LiquidityHere's the lesson: Most retail traders react to the news. Professional traders focus on how the market reacts to the news. Because... Markets don't move because an event happened. They move because expectations change. That's the difference between following headlines... And understanding market psychology.

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