The strongest signal is that demand is coming from different directions. Central banks continue diversifying reserves, while gold ETFs returned to inflows in July, with global holdings rising by 23 tonnes. At the same time, the World Gold Council expects investment and Asian buying to remain key demand drivers through the rest of 2026.
But the biggest risk remains real yields. Gold already showed how vulnerable it can be when rates and the dollar rise.
So my view is: gold’s long-term thesis remains intact, but the next leg higher needs falling real yields, persistent ETF inflows, and continued central-bank accumulation. I would rather buy the dips than chase record highs.
@WallStreet_Tiger [真香]
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- BellaFaraday·08-27 17:3323 tonnes back into ETFs is a solid sign, but central-bank buying is still the real floor for me. Dips make way more sense than chasing highsLikeReport