Gold Isn’t Supposed to Be Boring I’ve been in the financial world long enough to know one thing: when markets go quiet, danger usually isn’t far behind. HSBC’s James Steel recently made a point that caught my attention: just because gold is a safe haven doesn’t mean it won’t be volatile. He believes volatility will define gold in 2026. He’s right. A lot of folks think gold should just steadily climb like a savings account that actually works. But that’s not how markets behave — especially when trust in currencies, governments, and central banks starts to wobble. Gold doesn’t move because things are calm. Gold moves when something underneath the system starts shifting. And right now, a lot is shifting.…
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