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. With this situation in mind, Exness’ resident analysts Stanislav Bernukhov, senior trading content specialist, and Michael Stark, financial content lead, reach different conclusions. Michael thinks gold might gain in the next few months, while Stanislav reckons losses are more likely. Gold isn’t acting like a…
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