Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Gold at 4500 What the Rally Means Now
Gold futures hit 4,511 on May 22, 2026, capping an extraordinary rally that has left many investors wondering if there's still room to run. Lucas and Luna dig into the specific drivers behind this move: falling real yields, central bank buying at record levels, and the breakdown of the traditional relationship between a strong dollar and gold prices. They examine the latest CFTC positioning data showing hedge funds are heavily long, and contrast the metal's performance with copper, which has also surged but on completely different fundamentals. Lucas argues this gold rally has more…
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