August 20, 2026 04:00 AM GMT Commodity Matters | Europe Gold's Rapid Rebound Gold has reached our Q4 forecast of $4,450/oz faster than expected. A lower implied probability of Fed hikes has brought ETF inflows, while stronger central bank buying and a steepening yield curve are also providing support. We see a path to >$5,000/oz in 2027 but with scope for volatility too. Key Takeaways Physical gold demand has improved with macro headwinds easing... ETF gold buying has responded to lower implied probabilitie ...