20 June | Gold

Societe Generale has no plans to sell gold until it reaches $4,000

Societe Generale has no plans to sell gold until it reaches $4,000

According to Kitco News, gold may become an object of active trading due to its price remaining below the $3,400 per ounce level. Analysts at Societe Generale plan to hold a 7% share of the metal in their investment portfolio until the end of the third quarter, considering it a key trading instrument.

According to the company's updated strategy published on Thursday, the active selling of gold is not a top priority, as the metal's price has not yet reached $4,000 per ounce. Experts also continue to maintain a bullish outlook on gold amid central banks increasing their gold reserves and intending to diversify their assets.

In the near term, Societe Generale expects the price of gold to continue consolidating over the summer, with an average quarterly price of around $3,450 per ounce. The growth in prices is expected to accelerate in the fourth quarter and continue throughout the first half of 2026.

Although price pressure eased more than expected last month, strategists warned of a possible decline in the value of gold as US inflation growth accelerates.

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