Gold at $5,000 Is a Bet Against Earnings, and Earnings Are Winning
Gold at $5,000 is priced on geopolitical fear, not productive fundamentals. With the S&P 500 posting its fifth straight quarter of double-digit earnings growth and 14.4% projected for 2026, the opportunity cost of sitting in a non-yielding asset has never been higher.
By Marcus Cole · 5 min read