{"id":237690,"date":"2026-01-22T10:00:59","date_gmt":"2026-01-22T15:00:59","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=237690"},"modified":"2026-01-23T04:12:25","modified_gmt":"2026-01-23T09:12:25","slug":"gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/","title":{"rendered":"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply"},"content":{"rendered":"\n<p>For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling pressure would&nbsp;<a href=\"https:\/\/www.benzinga.com\/markets\/commodities\" target=\"_blank\" rel=\"noreferrer noopener\">bring it back down.<\/a><\/p>\n\n\n\n<p>That framework is now breaking.<\/p>\n\n\n\n<p>According to a Goldman Sachs report released Thursday, gold has entered a new phase. Private-sector buyers \u2014 not just central banks \u2014 are becoming a structural force in price formation.<\/p>\n\n\n\n<p>For that reason, the investment bank lifted its December 2026 gold forecast. This implies there may still be roughly 15% upside ahead \u2014 even after the metal\u2019s blockbuster\u00a0<a href=\"https:\/\/www.benzinga.com\/node\/50061849\" target=\"_blank\" rel=\"noreferrer noopener\">64% surge in 2025.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-s-behind-goldman-s-bold-gold-call\">What\u2019s Behind Goldman\u2019s Bold Gold Call?<\/h2>\n\n\n\n<p>Central banks still matter, and Goldman expects emerging-market reserve managers to continue adding gold at an elevated pace in 2026.<\/p>\n\n\n\n<p>But the acceleration in prices since 2025 reflects something new: private capital treating gold as a long-term hedge against global policy risk, rather than a cyclical trade.<\/p>\n\n\n\n<p>&#8220;Private sector diversification into gold has started to realize,&#8221; analyst&nbsp;<strong>Daan Struyven<\/strong>&nbsp;said.<\/p>\n\n\n\n<p>The shift matters because it changes how the gold market behaves after rallies.<\/p>\n\n\n\n<p>According to the report, &#8220;private sector diversification buyers, whose purchases hedge global policy risks and have driven the upside surprise to our price forecast, don&#8217;t liquidate their gold holdings in 2026, effectively lifting the starting point of our price forecast.&#8221;<\/p>\n\n\n\n<p>This demand is showing up in several ways. Western gold ETFs have attracted substantial inflows since rate cuts began, exceeding what simple rate-based models would predict.<\/p>\n\n\n\n<p>More importantly, Goldman highlights growing demand through harder-to-measure channels: physical purchases by high-net-worth families, increased use of gold-linked structures, and heavy call-option buying that mechanically reinforces upside momentum through dealer hedging.<\/p>\n\n\n\n<p>These flows are not easily reversed. Unlike election-related hedges or short-term speculative positioning, they are tied to broader concerns about fiscal sustainability, monetary credibility, currency debasement, and geopolitical fragmentation.<\/p>\n\n\n\n<p>That makes them structurally different \u2014 and far more persistent.<\/p>\n\n\n\n<p>\u201cThe perception of these macro policy risks appears stickier,\u201d Struyven said.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Gold Market\u2019s \u2018Old Rules\u2019 No Longer Work<\/h2>\n\n\n\n<p>&#8220;In commodities, the usual maxim that \u2018high prices cure high prices&#8217; does not apply to gold,&#8221; the expert wrote.<\/p>\n\n\n\n<p>In most commodity markets, higher prices eventually slow demand or bring on more supply, pulling prices back down.<\/p>\n\n\n\n<p>Yet, gold doesn\u2019t work that way.<\/p>\n\n\n\n<p>According to Goldman Sachs, annual mine output accounts for roughly 1% of the total above-ground gold stock, leaving little room for production to surge even after sharp rallies.<\/p>\n\n\n\n<p>As a result, gold rallies tend to end only when demand falls \u2014 not when prices rise.<\/p>\n\n\n\n<p>Struyven assumes that demand tied to global macro policy risks will remain intact through next year.<\/p>\n\n\n\n<p>If those hedges stay in place, the portion of gold&#8217;s recent gains that can&#8217;t be explained by traditional flow models does not unwind.<\/p>\n\n\n\n<p>If those hedges remain, the part of gold&#8217;s rally that can&#8217;t be explained by traditional models doesn&#8217;t reverse. In that case, today&#8217;s prices aren&#8217;t seen as stretched.<\/p>\n\n\n\n<p>They become the new baseline.<\/p>\n\n\n\n<p>\u201cWe see the risks to our upgraded forecast as \u00a0as two-sided but still significantly skewed to the upside because private sector investors may diversify further on lingering global policy uncertainty,\u201d Struyven said.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Could End The Rally?<\/h2>\n\n\n\n<p>For prices to fall meaningfully, the firm argues, something fundamental would have to change on the demand side.<\/p>\n\n\n\n<p>A sharp and credible reduction in perceived fiscal or monetary risks could prompt private investors to unwind macro hedges, removing a key pillar of support.<\/p>\n\n\n\n<p>\u201cOn the private sector demand side, Fed rate hikes could reduce gold demand both via the traditional opportunity cost channel, and by easing investor concerns about global central bank independence,\u201d Struyven said.<\/p>\n\n\n\n<p>On the official side, a sustained decline in central bank buying back toward pre-2022 levels would also signal a shift in the market&#8217;s structure.<\/p>\n\n\n\n<p>Absent those developments, Goldman&#8217;s analysts suggest gold may continue to defy the playbook that governs most commodities, not because prices are rising, but because the reasons for owning the metal have yet to fade.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted January 22, 2026 &#8211; <a href=\"https:\/\/www.benzinga.com\/markets\/commodities\/26\/01\/50067359\/goldman-sachs-gold-price-forecasts-private-sector-demand-central-bank\">Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling pressure would bring it back down.<\/p>\n","protected":false},"author":1128,"featured_media":34125,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[21,6,8,9,26,3],"tags":[],"contributors-categories":[13584],"class_list":{"0":"post-237690","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities","8":"category-north-america","9":"category-region","10":"category-securities","11":"category-text-articles","12":"category-traders-insight","13":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply<\/title>\n<meta name=\"description\" content=\"For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/237690\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling pressure would bring it back down.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-22T15:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-23T09:12:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/02\/gold-bars-e1681231565483.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"506\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Piero Cingari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piero Cingari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Piero Cingari\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/2e1deb46bf9913df17d7a772edadc24b\"\n\t            },\n\t            \"headline\": \"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply\",\n\t            \"datePublished\": \"2026-01-22T15:00:59+00:00\",\n\t            \"dateModified\": \"2026-01-23T09:12:25+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/\"\n\t            },\n\t            \"wordCount\": 700,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/02\\\/gold-bars-e1681231565483.jpg\",\n\t            \"articleSection\": [\n\t                \"Commodities\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/\",\n\t            \"name\": \"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/02\\\/gold-bars-e1681231565483.jpg\",\n\t            \"datePublished\": \"2026-01-22T15:00:59+00:00\",\n\t            \"dateModified\": \"2026-01-23T09:12:25+00:00\",\n\t            \"description\": \"For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling pressure would bring it back down.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/02\\\/gold-bars-e1681231565483.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/02\\\/gold-bars-e1681231565483.jpg\",\n\t            \"width\": 900,\n\t            \"height\": 506,\n\t            \"caption\": \"Gold Bars\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/2e1deb46bf9913df17d7a772edadc24b\",\n\t            \"name\": \"Piero Cingari\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/piero-cingari\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply","description":"For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/237690\/","og_locale":"en_US","og_type":"article","og_title":"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply | IBKR Campus US","og_description":"For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling pressure would bring it back down.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/","og_site_name":"IBKR Campus US","article_published_time":"2026-01-22T15:00:59+00:00","article_modified_time":"2026-01-23T09:12:25+00:00","og_image":[{"width":900,"height":506,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/02\/gold-bars-e1681231565483.jpg","type":"image\/jpeg"}],"author":"Piero Cingari","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Piero Cingari","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/"},"author":{"name":"Piero Cingari","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/2e1deb46bf9913df17d7a772edadc24b"},"headline":"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply","datePublished":"2026-01-22T15:00:59+00:00","dateModified":"2026-01-23T09:12:25+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/"},"wordCount":700,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/02\/gold-bars-e1681231565483.jpg","articleSection":["Commodities","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/","name":"Gold Has A New Buyer In Town \u2014 And The Old Price Rules No Longer Apply | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/02\/gold-bars-e1681231565483.jpg","datePublished":"2026-01-22T15:00:59+00:00","dateModified":"2026-01-23T09:12:25+00:00","description":"For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling pressure would bring it back down.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/gold-has-a-new-buyer-in-town-and-the-old-price-rules-no-longer-apply\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/02\/gold-bars-e1681231565483.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/02\/gold-bars-e1681231565483.jpg","width":900,"height":506,"caption":"Gold Bars"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/2e1deb46bf9913df17d7a772edadc24b","name":"Piero Cingari","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/piero-cingari\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/02\/gold-bars-e1681231565483.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/1128"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=237690"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/34125"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=237690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=237690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=237690"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=237690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}