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According to the CICC research report, as global liquidity becomes more relaxed, the upward pressure on real interest rates and the US dollar is reduced, and gold may regain the dual support of liquidity and diversification of the monetary system. CICC believes that the gold bull market is not over yet, and that the window to re-increase allocations after early adjustments has been opened. It is recommended to continue overallocating gold.

Zhitongcaijing·08/12/2026 00:17:06
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According to the CICC research report, as global liquidity becomes more relaxed, the upward pressure on real interest rates and the US dollar is reduced, and gold may regain the dual support of liquidity and diversification of the monetary system. CICC believes that the gold bull market is not over yet, and that the window to re-increase allocations after early adjustments has been opened. It is recommended to continue overallocating gold.