Published research is lining up firmly bullish on gold — not on short-term catalysts, but on structural forces that analysts argue won't fade quickly.
One camp of researchers builds the case on embedded inflation, eroding credibility in government fiscal policy, and an expected loss of confidence in the bond market. They frame these as durable dynamics, not cyclical noise, and point to a coming wave of Western (especially American) investor participation as the fuel for the next leg higher.
A parallel thread of recent research approaches it differently but lands in the same place: relentless central bank buying — led by China and other foreign central banks — alongside currency debasement and unsustainable deficits. These analysts argue that any future liquidity squeeze would likely force a major monetary response, including possible Fed balance-sheet expansion, which would be powerfully gold-positive.
Both views concede tactical pullbacks are possible but treat them as noise. Mining equities are floated as a potential add-on. Long-horizon price targets cited in published work range as high as $6,000–$10,000 — less a forecast than a measure of conviction.