(Kitco News) – Volatility will define the precious metals market in 2026 as Fed policy and U.S. dollar exposure continue to shape demand, according to James Steel, Chief Precious Metals Analyst at HSBC.In a Sunday evening interview with CNBC, Steel was asked about why gold doesn’t appear to be reacting to the decline in the U.S. 10-year Treasury yield, which has plunged from 4.30% a few days ago all the way down to 4.00%.
