Commodity Cycle Order: Gold Peaks First, Grains Last, Rates Next (2026)
Five commodity upswings: gold peaked first, oil and copper 6-7 months later, grains 10-14 months later. In 2026 the chain has reached inflation and rates.
-
-
Gold Price Down 25.9%: Why Real Yields, Not Central Banks, Now Set the Gold Price (2026 Outlook)
Gold is down 25.9% from its $5,594.82 record. Real yields rose to 2.74% and explain 60% of the drop; the old high needs 1.23%. Korean investors lost 34.6%.
