Fed won't hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis' Christopher Hodge

Christopher Hodge (Natixis) says inflation will be the Fed’s main focus for the rest of 2026, but monetary policy is unlikely to shift “an inch.” He also notes U.S. sanctions and trade policies are supporting sovereign demand for gold.

Analysis

Christopher Hodge (Natixis) says inflation will be the Fed’s main focus for the rest of 2026, but monetary policy is unlikely to shift “an inch.” He also notes U.S. sanctions and trade policies are supporting sovereign demand for gold.