When Gold Has Two Masters: Demand Versus Rates And Inflation

Source: International Business Times

IBT Ignite Gold spent summer 2026 caught between two forces. Expectations of a more hawkish Federal Reserve raised the cost of holding a non-yielding asset, while conflict in the Gulf and persistent inflation preserved the case for protection. After rebounding in August, gold retreated in September and early October but couldn't sustain a break below 4,000 USD.