Divergence among banks is modest. Most (JPM, GS, Wells Fargo, UBS, BofA) remain strongly bullish on gold, targeting $5,000–$6,300+ by end-2026 on central bank buying, diversification, and geopolitics—despite JPM trimming its 2026 average slightly.
On ETF outflows: Contrarian buyer. Western profit-taking and rebalancing created a dip, but structural drivers (reserves, uncertainty) persist while Asia counters. Long-term bullish.
Gold "Chain Drop", ETF Outflow: When to Buy the Dip?
On May 28, $XAU/USD(XAUUSD.FOREX)$briefly fell to $4,366/oz, a single heavy blow that sent it to its lowest point in nearly two months. Since the Iran war broke out at the end of February, gold has cumulatively fallen more than 17% in just three months, almost completely wiping out all of this year's gains. The more frantically people rushed to buy gold last year, the more painful being trapped is now.
How do you view the divergence among major banks on gold's price outlook?
ETF outflows: will you follow the trend or contrarian buy the dip?
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