Golds experiencing a tough few months with bond yields now weighing on the non-yielding precious metal. Previously the higher oil price was also causing some selling of the precious metal by emerging countries struggling with the elevated prices – Turkey have been one of the largest net sellers in 2026 after accumulating through 2025.
- We can see Gold finding support around $US4,300 but cannot rule out a retest of $US4,000.
MM is bullish towards gold around $US4,300
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Gold ($US/oz) v Global Gold Miners ETF (GDX)
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Gold ($US/oz) v Global Gold Miners ETF (GDX)
