Gold Futures Gold’s 2026 gains have evaporated as sentiment flipped from rate cuts to higher-for-longer expectations. A stronger U.S. dollar is adding pressure, while forced selling to cover losses elsewhere is accelerating the selloff. Image: The Daily Shot
U.S. Fund Flows Since 2019, both cash and bonds have drawn substantial inflows, as investors have shifted toward perceived safety and income‑generating assets amid heightened macro uncertainty and evolving central‑bank policy. Image: Goldman Sachs Global Investment Research
Performance for Gold Gold often starts the year strong, with January usually one of its best months as post-holiday portfolio adjustments and fresh investment flows boost demand. Image: Deutsche Bank
200-Day Correlation Between S&P 500 and Gold Spot Gold’s old reputation as a crisis hedge is looking dated. The metal is increasingly trading like a risk asset, tracking U.S. equities as a declining dollar and heavy central-bank demand reshape its place in global markets. Image: Bloomberg
S&P 500 Returns a Year After Spike in Policy Uncertainty Index The S&P 500 has a history of generating solid 12-month returns after periods of heightened policy uncertainty. Image: Goldman Sachs Global Investment Research