Macro Finance
Gold Slumps as Markets Price More Fed Hikes
Bloomberg Markets·September 28, 2026·1 min read
Gold prices are slumping as oil spikes, real yields rise, and markets price in more Fed hikes, even as central banks in China, Asia, and emerging markets quietly buy bullion. MKS Pamp's Nicky Shiels says retail money has shifted from gold to speculative AI stocks, but the long-term case remains bullish.
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