Mike McGlone|Aug 10, 2026 10:49
Dip in the Trend in 2026: Gold Outpacing Crude
Roughly flat in 2026 to Aug. 7 vs. crude oil's about 35% gain, the price of gold appears poised to resume its elongated outperformance trend vs. crude in 2H. A primary reason the metal is an enduring commodity performance leader is its low cost of storage.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tjjqh8n3n090 {BI COMD}
#gold #crudeoil #ETFs @Bloomberg(Mike McGlone)
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