Banks Head for $5 Billion Gold Trading Windfall in Record Year - Bloomberg.com
Banks Head for $5 Billion Gold Trading Windfall in Record Year - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Banks are pricing volatility, not storing value — and $5 billion says 2026 delivered. Gold hit $5,318 in January before collapsing 20.7% to $4,219 as the Hormuz closure proved containable and haven demand evaporated. Each swing — the spike, the crash, the Iranian ceasefire tease — is a trade to be extracted, not a position to be held. The windfall isn't in gold, it's in the churn.