The market is anticipating a replay of last year’s divergence between yield spreads and gold prices.
Even though the two had moved in sync through 2026, gold is climbing again as the spread widens—breaking the pattern.
What’s behind this shift? Fiscal policy.
Spikes in fiscal uncertainty can shake up traditional correlations, giving gold room to rise independently of yield spread movements.
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3August 25, 2026 15.1K 1
