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Gold price could struggle through 2026 as it loses safe-haven status to US bonds - BI's McGlone
KITCO· 2026-06-26 01:49
(Kitco News) - The bond market has been a significant headwind for the gold market as inflation fears have pushed yields higher in recent weeks, raising the opportunity cost of holding the non-yielding asset. Although yields have started to fall, one market strategist said this shift in Treasuries still won't provide much support for the yellow metal through the second half of the year. In his mid-year commodity report, Mike McGlone, Senior Market Strategist at Bloomberg Intelligence, reiterated his bearish ...