👑 Gold is stepping into a rarely seen year of turbulence
Since the start of 2026, gold futures have had 7 declining sessions of 3.5% or more — the highest since 2008 and more than double the total for all of 2025.
If this trend continues, 2026 could become the most volatile year for gold since 1982.
Notably, gold is already down about 5.4% YTD, facing the risk of its first losing year since 2022.
In my view, U.S. Treasury bonds are one of the biggest catalysts behind these extremely sharp swings.
For gold right now, don’t just look at the price direction — look at Treasury yields, too.
Since the start of 2026, gold futures have had 7 declining sessions of 3.5% or more — the highest since 2008 and more than double the total for all of 2025.
If this trend continues, 2026 could become the most volatile year for gold since 1982.
Notably, gold is already down about 5.4% YTD, facing the risk of its first losing year since 2022.
In my view, U.S. Treasury bonds are one of the biggest catalysts behind these extremely sharp swings.
For gold right now, don’t just look at the price direction — look at Treasury yields, too.
