Gold Market Shift: Institutional Capital Surges as Banks and Asset Managers Buy

Societe Generale has reasserted its bullish stance on gold, arguing that the hawkish shock has already been priced in and downside risks are limited.

Deutsche Bank confirms a turning point for institutional capital, with hedge funds, asset managers, and banks taking over as buyers.

Leading asset managers such as Amundi, Robeco, and Fidelity have increased their gold holdings during the pullback, while structural factors like central bank gold purchases and de-dollarization continue to provide support at the bottom of the price range.