Gold has been a true breakout asset of 2025. The precious yellow metal has been the latest talk of the market, with investors flocking towards the asset, trying to make the most of its ongoing bull run. However, a new stark reality is hounding the asset: a narrative where the statistics tell how Wall Street is still skeptical about gold despite its stunning bullish rally this year. What is this development all about? Let’s find out.
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Wall Street’s Dubious Stance About Gold
As per the latest post by the Kobeissi Letter, Wall Street is still skeptical about gold’s soaring prices. A new post by KL states how only 5% of global fund managers believe that gold will hit $5000 by the end of 2026.
“Professional investors can only ignore gold for so long: Only 5% of global fund managers believe gold prices will exceed $5,000 by the end of 2026.”
In addition to this, nearly 36% of managers think that gold may trade in the $4000 to $5000 price range. Moreover, 27% of the global fund managers believe gold may hit $4500 to $5000 price levels.
“34% expect gold to trade in the $4,000 to $4,500 range, while 27% think prices will reach $4,500 to $5,000 per ounce. On the other hand, 34% see gold prices falling below $4,000, with 26% anticipating a range of $3,500 to $4,000.”
Despite the bullish gold price rally that has stunned global markets, nearly 34% fund managers are still dubious about gold, stating that they think gold will not touch the $5k mark. On the contrary, their opinion tilts towards gold trading between the gold $3500 and $4000 price range, failing to hit $5K in the near future. At the same time, 39% of these managers do not own any gold, making their reluctant stance known to the world.
“On the other hand, 34% see gold prices falling below $4,000, with 26% anticipating a range of $3,500 to $4,000. Meanwhile, 39% of professional investors in the survey do not own any gold in their portfolios. Gold is also no longer “the most crowded” trade after topping that list for the first time in October. Wall Street is still unconvinced about gold.”
Technical Analysis: The Latest Chart Development
As per Rashad Hajiyev, a leading financial expert, gold is already showing signs of a breakout, walking on a path that helps the asset explore the $5K price range.
“Since gold’s bull run started in October 2023, it has had 4 major consolidation and the present consolidations is the 5th. Upon breakout, rallies lasted 41, 119, 105, or 49 days, or on average 78 days. If gold breaks out in December 2025, the run to $5k could be achieved anytime from February to April 2026…”
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