{"id":434269,"date":"2026-07-22T08:34:42","date_gmt":"2026-07-22T01:34:42","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-jumps-back-above-4100-bouncy-434269\/"},"modified":"2026-07-22T08:34:42","modified_gmt":"2026-07-22T01:34:42","slug":"gold-jumps-back-above-4100-bouncy","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-jumps-back-above-4100-bouncy-434269\/","title":{"rendered":"Gold jumps back above $4,100, bouncy!"},"content":{"rendered":"
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\nThe real story here isn’t that gold is rallying on the war, it’s that it hasn’t, at least not durably, with rising Treasury yields and dollar strength appearing to dominate whatever safe-haven flows the conflict has generated. Goldman’s read (Goldman Sachs estimates China bought 48 tonnes of gold via the London OTC market in May, nearly five times the official 10 tonnes reported<\/a>) adds an important structural counterweight to that picture: persistent, China-led central bank buying means the kind of deep, prolonged correction that higher real yields would normally produce may be less likely than in past cycles, since there’s a large and relatively price-insensitive buyer absorbing selling. That reframes this week’s bounce less as a war-fear trade and more as gold finding support at a floor Goldman has been pricing in for months. If yields ease from here, that removes the main headwind while the central bank bid remains in place, a combination that could matter more for gold’s medium-term direction than the day-to-day path of the war itself.<\/p>\n

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Earlier:<\/p>\n

Bernstein lifts 2026 gold target to $4,533 on central bank buying, muted Fed hikes<\/a><\/p>\n

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\nGold has been sold through most of this war, but Goldman says China’s buying spree is quietly putting a floor under it.<\/p>\n

Summary:<\/p>\n