Gold Faces a Reality Check in 2026

After a powerful 70% surge in 2025, gold heads into 2026 on strong footing, but momentum may cool.

With central bank buying possibly slowing, rate cuts largely priced in, high bond yields, and easing geopolitical risks, gold may enter a consolidation phase rather than repeat last year’s explosive rally.

Long-term bullish trends remain intact, but 2026 could be more balanced than bullish.

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