‘Synchronised build-up of physical, futures, and options exposure’ to drive gold price higher - Société Générale - KITCO
‘Synchronised build-up of physical, futures, and options exposure’ to drive gold price higher - Société Générale - KITCO
Source: KITCO
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DW NOTE
Société Générale expects institutional flows to lift gold through coordinated buying across physical, futures, and derivatives. Gold trades at $4,431 — down 16.7% from its January peak despite the Strait of Hormuz remaining closed and 1.3 billion barrels of Middle Eastern supply offline. That's not a market responding to fundamentals; that's a market waiting for permission to respond.