The momentum trades of 2026 are breaking with gold, silver and South Korea down big
Adrian Bogdan
This year's hottest trades — gold, silver and South Korea — are down big amid fears the war in Iran could go on for longer than expected. Here are the moves. Each of these trades were huge momentum plays in 2026, catching a bid as investors nervous about their exposure to U.S. large-cap tech sought out asset classes that could better perform the market. After all, the S&P 500 shot up 64% on a cumulative basis over the last three years; it's down 1% this year. Gold, silver and South Korea each
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