Wall Street’s Gold Skepticism Persists Despite Rally
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Gold's 2025 breakout rally continues to divide institutional opinion. While the precious metal has surged, only 5% of global fund managers believe it will reach $5,000 by 2026-end according to Kobeissi Letter data.
Thirty-six percent see Gold trading between $4,000-$5,000, with 27% specifically targeting $4,500-$5,000 ranges. Yet skepticism remains entrenched - 34% of managers dismiss the $5,000 thesis entirely, projecting instead a $3,500-$4,000 trading band.
The divergence highlights Wall Street's cautious stance despite gold's momentum. Notably, 39% of surveyed managers maintain zero gold exposure, underscoring persistent reservations about the metal's staying power.
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