Bond fears are boosting gold prices, 2026 gains will be found in commodities rather than tech – UBS’ Michael Zinn

From kitco.com

Geopolitical and macroeconomic fears are pushing sovereign yields into dangerously high territory – with gold the chief beneficiary – while commodities, small caps and international equities will likely steal Big Tech’s thunder ahead of the midterms, according to Michael Zinn, managing director and senior portfolio manager at UBS. In a Tuesday interview with BNN Bloomberg, when Zinn was asked how concerned he was about the ongoing market impacts of U.S. threats toward Greenland, he said markets appear more concerned with fixed income yields in Japan. “This seems like it's going to be a year of policy ... (full story)