Gold: the published research this week is uniformly bullish — the only debate is how far and how fast.
One camp of analysts frames gold as a multi-year currency-debasement trade, and specifically favors gold priced in euros and yen as the cleaner expression, arguing European and Japanese policymakers have made prolonged mistakes. A more structural thread of recent research points to sustained central bank buying and eroding faith in fiat money, and floats the possibility of a forced gold revaluation — potentially tied to partial currency backing — within 12 to 18 months.
Shorter-term work is also constructive: researchers note gold has reclaimed its 100-day moving average, ETF inflows are recovering, and softer Treasury yields help, though hawkish Fed guidance could cap the move. Chart-focused analysts flag support around 4,400 and see a path toward 5,000 if that level holds.
The through-line across published views: sticky inflation plus persistent central bank accumulation as durable structural drivers.