📅 12 February 2026
🏦 Wells Fargo's fresh call: “Buy the Gold Pullback.”
Major US bank has upgraded its year-end 2026 target to $6,300 — which clearly shows a long-term bullish outlook.
🔎 What could be the key drivers behind this call?
1️⃣ Rate cycle expectations: If the Federal Reserve enters an easing phase or real yields soften, gold receives structural support.
2️⃣ Dollar weakness thesis: Sustained softness in the dollar could create a tailwind for gold.
3️⃣ Central bank demand: The buying trend of central banks in emerging markets and the BRICS region remains strong.
4️⃣ Geopolitical hedging: Ongoing global uncertainty continues to provide safe-haven demand for gold.
📊 How is the pullback being viewed?
According to the institutional mindset, pullbacks are not a signal of panic but rather strategic accumulation zones — especially when the macro narrative remains intact.
💡 Retail vs Institutional Difference:
Retail traders often get confused by short-term volatility, while institutions employ scaling strategies during dips.
⚖️ Remember the risk factors:**
If inflation cools sharply
Or if real yields rise aggressively
Temporary pressure may be exerted on gold.
📈 Big Picture:
If the macro liquidity cycle remains supportive and risk-off sentiment returns episodically, higher long-term targets do not seem unrealistic.
The trend for gold is now not just a short-term momentum story but has become a narrative for strategic asset allocation. ✨
