The consensus on gold’s oversold status is rapidly forming, with institutions betting on a return to value; geopolitical factors and interest rate dynamics have become key variables.
智通财经2026/08/18 11:36Show original
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- The August Bank of America Fund Manager Survey shows institutional bullish sentiment towards gold is significantly rising, with a net 16% of respondents believing gold prices are undervalued—a sharp increase from 6% in July, marking the highest level since March 2023.
- Although gold prices saw a notable correction after reaching highs above $5,300 per ounce in January, since August the price has stabilized and rebounded. On Tuesday, New York gold futures contracts slipped 0.5% to around $4,450.
- The survey results reflect that professional investors believe the previous decline has excessively responded to some negative factors, and the current price level is attracting strategic buying to re-focus on the allocation value of precious metals.
- Ongoing global geopolitical uncertainty, rising concerns over sovereign debt, and resilient demand from major central banks for gold all provide bottom-line support logic for gold.
- The key point to watch for gold price trends going forward is the tug-of-war between the path of real US dollar interest rates and risk-aversion sentiment. If volatility in the bond market increases or geopolitical tensions worsen again, gold’s role as the ultimate hedging instrument is expected to become even stronger.
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