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The momentum trades of 2026 are breaking with gold, silver and South Korea down big
This year’s hottest trades — gold, silver and South Korea — are down big amid fears the war in Iran could go on for longer than expected. Here are the moves. • Gold prices slide: Spot gold was last down more than 5% to $5,041.81 per ounce, with gold futures dropping 5% to $5,049. They’re still up more than 16% this year. • Silver prices tumble: Futures tied to the commodity fell more than 8% to $81.23 per ounce. They remain higher by 15% year to date. • South Korea down huge: The iShares MSCI South Korea ETF (EWY) plunged 14%, though it remains higher by nearly 30% year to date. Each of these trades ... (full story)
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