Post by AlternativeSoft

Gold rose 64% in 2025. Its biggest annual gain since 1979. Then it broke $5,000/oz in January 2026. Then the Strait of Hormuz closed and it spiked to $5,400. J.P. Morgan is now forecasting $5,055/oz by Q4 2026. Goldman Sachs and VanEck see $6,000 as a possibility in the medium term. For most of the last decade, institutional allocators treated gold as a relic - a tactical trade, not a structural allocation. That framing is now very difficult to sustain. Three structural forces are driving what looks less like a cyclical spike and more like a generational repricing: - Central bank de-dollarization: Emerging market central banks buying 585 tonnes per quarter. This has been running for three consecutive years. It is not stopping. - Geopolitical fragmentation: Every new flashpoint accelerates capital into assets with zero counterparty risk and no sovereign exposure - Fiscal anxiety: Record government debt in the US and Europe driving demand for assets that sit entirely outside the monetary system The practical questions for institutional allocators: - How large should a gold allocation be to meaningfully improve portfolio resilience without crowding out other diversifiers? - What is the right vehicle: Physical, ETF, mining equities, commodity-focused hedge funds - given your liquidity constraints? - How does gold interact with existing macro and commodity hedge fund positions you already hold? The portfolio modelling case is as important as the macro one. Read the full article: https://lnkd.in/eEvHnmYd #Gold #SafeHaven #GoldPrice #CentralBanks #Dedollarisation #PortfolioConstruction #InstitutionalInvesting #Commodities #HedgeFunds #AlternativeInvestments #RealAssets #FamilyOffice #SovereignWealthFund #PensionFunds #Endowments #MacroInvesting #AssetAllocation #GoldETF #PortfolioStrategy #AlternativeSoft #GeopoliticalRisk #Inflation #FiscalPolicy Natasha Kaneva