Gold and silver enter the second week of January facing a familiar but often misunderstood near-term headwind: the annual rebalancing of major commodity indices such as the S&P GSCI and the Bloomberg Commodity Index. This once-yearly, rules-based process runs over five business days starting today and during this time index-tracking funds realign their futures exposure back to predefined target weights after a year of uneven price performance. In years with modest dispersion across commodities, the rebalancing is usually a low-key affair. After 2025, however, it is anything but. Gold surged more than 60% last ... (full story)