Wall Street is tricking you all into the game.
Gold Enters Technical Bear Market, Wall Street Remains Bullish: Long-Term Logic Unchanged, Pullbacks Present Buying Opportunities
The Middle East situation is shaking global commodity markets, but gold has failed to fulfill its traditional safe-haven role, instead falling alongside risk assets. Despite this, analysts from several Wall Street institutions view the current sell-off as a short-term dislocation and maintain a bullish stance in the medium to long term: Standard Chartered expects a rebound to $5375 within three months, Yardeni has a year-end target of $5000, Bank of America targets $5750 by year-end, and Citi's base case sees gold at $5000, with potential to rise to $6000-$7000 if Middle East conflict prolongs
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