The real opportunity in gold

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Gold's record-breaking rally has given way to a tug-of-war between shifting Fed expectations, cooling geopolitical tensions, and changing investor sentiment. Day-to-day swings continue as markets attempt to price an increasingly uncertain macro backdrop.

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Gone Baby Gone

The fastest AI unwind since the GFC-era quant crashes has vaporized returns—but positioning data says the pain trade may not be over.

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Wall Street believes the "Leo liquidation" cleared the sharks from the water. These 13 charts suggest investors may be diving back in too soon.
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