July 23rd, 2026 - 03:43 GMT
Gold has climbed back above the psychologically important US$4,000 level after briefly falling below it last week. While prices remain modestly lower year-to-date and around 25% below January's record high, the recent correction masks a significant shift in who is selling and who is buying, according to Nagham Hassan, Market Analyst at etoro. "The recent weakness in gold has been driven primarily by changing interest rate expectations rather than a deterioration in the long-term investment case," said Hassan. "Higher US real yields and a stronger dollar have weighed on prices ...