Published research this week lands strongly bullish on gold, with only isolated dissent on short-term technicals.
The bullish case, as laid out across recent research notes, rests on several pillars: a softer US dollar, a Fed leaning dovish, sustained Chinese investment demand, and structural US fiscal deficits that analysts argue aren't going away. One camp frames gold as the prime beneficiary of financial repression and prolonged easy policy. Others point to a clean technical breakout above multi-month resistance, with speculative positioning still intact.
On the strategic side, researchers highlight accelerating central-bank buying and rising doubts about the dollar's reserve status as long-run tailwinds. Price targets in the published research range from a measured Q4 average near $4,650 to a far more aggressive $15,000/oz within two to three years, tied to geopolitics, currency debasement, and debt dynamics.
The dissent is narrow: one technical note flags a possible near-term pullback at resistance, and a contrarian view argues a stronger dollar and higher yields are currently a headwind.