Gold and Bond Prices Are Falling -- Which Wins 2026? Gold and the Bloomberg US Long Treasury Total Return Index were down about 3% and 7% in 2026 as of Oct. 9, but from the lowest T-bond/gold ratio since 1987. Also notable in my graphic are the highest year-end readings for the S&P 500 vs. public debt and GDP since 2000 and 1928. The seemingly unstoppable stock market has become a headwind for both gold and T-bonds. If bond prices tick up vs. gold into year-end, the implications could be lasting. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tmseh8kip3id {BI COMD} #gold #bonds #stocks @BBGIntelligence