Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com
Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com
Source: FOREX.com
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DW NOTE
Gold is down 24% from its January high while the Strait of Hormuz remains shut for the 241st day and global oil supply has contracted 6%. The market has decided that $102 crude and depleting inventories do not warrant holding $5,000 gold. Either the inflation hedge thesis was always theatrical, or traders believe central banks will defend bond markets rather than let energy costs pass through.