Gold’s three-year bull market ends as profit-taking accelerates, according to Bloomberg and the Financial Post. Both outlets describe a recent shift in market sentiment, with gains from the prior rally giving way to pullbacks as investors lock in profits. Despite the move lower, neither article finds strong evidence that investors are already positioning for a sustained bearish phase. Specifically, both reports say there is limited indication of large-scale short selling aimed at further declines. The coverage suggests the market is in a transition period: after a prolonged uptrend, attention turns to whether the current weakness becomes a broader selloff or remains a correction. With demand and positioning not yet clearly turning decisively toward bearish bets, the near-term outlook appears uncertain. Overall, the common thread across the sources is that the bull run has paused and investors are monitoring for signs—such as more prominent short positioning—that would confirm a longer downside trend.