Energy surges, precious metals tumble as 2026 rotation strengthens diversification case – Saxo Bank’s Hansen
(Kitco News) – The surge in energy prices and the decline in precious metals in 2026 reinforces the case for diversification within the commodities sector rather than simply attempting to pick winners and losers, according to Ole Hansen, head of commodity strategy at Saxo Bank.In his latest commodities analysis, Hansen wrote that this month has seen seismic shifts in the space.
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Gold price drops to $4,035/oz as Fed votes 10-2 in favor of rate hold(Kitco News) – The Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) voted 10-2 in favor of maintaining the policy rate unchanged, as expected by the market consensus.“The Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate,” the Federal Reserve said in its statement. “The Committee is continuing its policy of maintaining ample reserves in the banking system.”
