As geopolitical tensions reshape the commodity landscape heading into 2026, major financial strategists are positioning for a divergence: bullish on precious metals while trimming exposure to energy sectors. The rationale? Gold typically strengthens during periods of global uncertainty and shifting power dynamics, while oil and gas face headwinds from structural demand concerns and potential supply shocks. This dual strategy reflects broader market expectations around capital flows—investors rotating toward safe-haven assets as traditional risk factors intensify. For those tracking macro cycles, it's a classic playbook: when geopolitical risk premiums rise, defensive positioning in commodities becomes attractive relative to cyclical energy bets.