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Gold’s sharp declines ‘echo risk-off episodes seen in 2008 and 2020’ as liquidity dynamics dominate fundamentals – World Gold Council
After a week of major central bank meetings and escalating geopolitical tensions, gold prices have fallen to new lows for the year as bond yields move sharply higher, with the speed and breadth of market moves echo risk-off episodes seen in 2008 and 2020, when liquidity dynamics temporarily dominated fundamentals, according to the World Gold Council (WGC). In their latest Weekly Markets Monitor, WGC analysts wrote that the drivers of gold’s ongoing weakness are currently being debated. “Sharply higher real yields and expectations that policy rates will now rise in 2026, alongside de-leveraging and profit-taking, ... (full story)