Commodities
Gold hits 6-month low as rate-rise fears and technical breakdown drive selloff
Gold has entered its first bear market since 2022, with prices at their lowest point of 2026, as the conventional role of bullion as an inflation...
Analysis
Trend-following systematic funds face forced liquidation of gold longs as the bear market designation triggers CTA de-risking mandates, extending the selloff beyond the initial sentiment shift. The failure of US strikes on Iran to generate safe-haven buying confirms that the rate-driven opportunity cost narrative has fully displaced geopolitical risk premium in gold pricing. ECB's 25bp hike and market pricing of two further increases to 2.75% compound the dollar-rate pressure already weighing on GC=F.
14 hours ago
