Gold

Commodities
May 2026

The return of history: gold, the dollar, and the monetary future

Deutsche Bank

Mallika Sachdeva, Michael Hsueh

Research

18 Pages

Deutsche Bank Research Institute examines how geopolitics may be pushing central banks back toward gold and away from the dollar.

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Alternative Assets
April 2026

Understanding the rise and recent fall in gold prices

Apollo

Torsten Slok

Research

26 Pages

Apollo’s chart book looks at why gold prices have increased so much since 2022, and why they have declined more recently.

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Alternative Assets
February 2026

The Boost From the Hard Assets Rotation

Goldman Sachs

Research

22 Pages

Following a strong and volatile start for commodities in 2026, Goldman Sachs analyzes how sustained investor diversification into hard assets would affect commodity prices.

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Alternative Assets
December 2025

Golden Fears

Man Group

Henry Neville

Research

29 Pages

Henry Neville argues that while gold has historically provided modest hedging against inflation and equity drawdowns, its current behavior, logistical costs, and uncertain long-term demand dynamics mean it should be a limited, not central, defensive allocation in portfolios.

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Alternative Assets
December 2025

Gold Outlook 2026 : Push ahead or pull back

World Gold Council

Research

12 Pages

After Gold's remarkable 2025, achieving over 50 all-time highs and returning over 60%, the World Gold Council predicts 2026 be shaped by ongoing geoeconomic uncertainty.

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Alternative Assets
December 2025

Gold: Bugs, Bears and Myths

Man Group

Research

13 Pages

Man Group evaluates gold’s role in portfolios at record prices, emphasizing diversification and risk mitigation rather than return maximization.

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Alternative Assets
September 2025

Bitcoin vs. Gold: The Future of Central Bank Reserves by 2030

Deutsche Bank

Marion Laboure, Camilla Siazon

Research

18 Pages

Deutsche Bank explores whether Bitcoin could join gold as a central bank reserve asset by 2030.

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Alternative Assets
August 2025

Worth Its Weight

D.E. Shaw & Co.

Research

10 Pages

D.E. Shaw & Co. examines the role of gold as a “non-productive store of value” and its potential diversification benefits amid inflation uncertainty, shifting monetary regimes, and geopolitical tension.

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Gold
June 2025

GOLD!!

Man Group

Henry Neville

Research

21 Pages

Man Group examines the gold rally—prices have nearly doubled since mid‑2022—and weighs whether this surge warrants a continued allocation.

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Alternative Assets
April 2025

Gold $5,000?

Research Affiliates

Campbell Harvey

Research

11 Pages

Professor Campbell Harvey says gold’s recent price surge is largely driven by current economic uncertainty as well as a wave of new investment sources, including gold ETFs and China’s de-dollarization efforts.

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Alternative Assets
August 2021

Gold As A Strategic Allocation

Meketa

Alison Adams

Research

16 Pages

Meketa Investment Group explores whether gold deserves a permanent role in institutional portfolios, focusing on its behavior across inflation regimes, real yields, and market stress.

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