www.economica.net/de-ce-aurul-nu-mai-reuseste-sa-s

Gold has struggled to capitalize on favorable conditions, experiencing a significant price drop despite geopolitical tensions and declining real yields. After reaching nearly $5,600 per ounce in January 2026, it fell to around $4,000, marking a 7% loss this year. The lack of interest or dividends makes gold less appealing when bond yields are high. While geopolitical tensions could increase gold's attractiveness as a hedge, rising energy prices may prolong restrictive monetary policies. Despite recent capital outflows from gold ETFs, demand remains strong, particularly in Europe. The market shows a complex dynamic, with significant losses overshadowing gains, indicating that buying pressure is insufficient to counteract selling in a challenging financial landscape.