
Who Buys Gold When Prices Fall? UBS’s Outlook and Russia’s Reserve Changes
UBS’s $4,000 support outlook and Russia’s gold reserves reveal why structural demand, real yields and liquidity must be assessed together.
DhbnaDOCUMENTING THE GOLD PATH
UBS’s $4,000 support outlook and Russia’s gold reserves reveal why structural demand, real yields and liquidity must be assessed together.

How September CPI reopened the October Fed rate-hike debate, and why real yields, the dollar and demand matter for gold.

Just five days ago, gold received news that—according to traditional market rules—should have given it a significant boost. The US economy added only 29,000 jobs in September, well below the expected 90,000, and bets on an interest rate hike at…

Five channels connect Europe’s digital euro project to gold: currencies, real yields, inflation, geopolitical risk and investment flows. None guarantees a rally.

An economic review of the week ending October 2, 2026. Intraday prices are dated observations. The weekly settlement quoted below belongs to the October COMEX contract, not spot gold. Under the conventional reading of gold, late September and early October…

Gold’s 2026 market shows why rates remain important but no longer explain bullion alone, as structural demand adds a second force to the equation.