The AI industry trend has not reversed; the recent correction stems more from funding and sentiment pressures rather than a fundamental deterioration in earnings trends.

Goldman Sachs Research recently projected that gold prices will rise to $4,900 per ounce by the end of 2026, driven by strong demand from central banks seeking to diversify their foreign exchange reserves.

Société Générale has clearly reinstated its long position on gold, arguing that the impact of hawkish policies has been priced in and current downside risks are limited. Deutsche Bank confirms that a turning point for institutional capital has arrived, with hedge funds, asset managers, and banks successively increasing their purchases, although positions remain at low levels. Leading asset management firms such as Amundi, Robeco, and Fidelity have increased their gold holdings during the pullbac...

Deutsche Bank’s latest metal flow report indicates that spot gold fund flows have reached an inflection point, with hedge funds, asset managers, and banks stepping in to buy, replacing the commercial and retail segments that had been consistently reducing their positions. At key price levels, $4,300 serves as the trigger for algorithmic selling, while $4,700 acts as the trigger for futures buying. More importantly, discretionary investors remain underweight in spot, futures, and ETF markets, sug...