Things could get very interesting for Gold here 12 months from now
Disclaimer
This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.
Related Articles
Hong Kong jewelry and watch sales surged +22% YoY, to HK$45.8 billion in the first 9 months of 2026, their highest level since 2019. The sector now accounts for ~15% of Hong Kong's total retail sales, significantly outperforming the broader market despite luxury spending in mainland China falling more than -10%. The shift reflects growing demand for wealth preservation, as Beijing tightens controls on offshore investments, overseas assets and capital outflows. This is pushing wealthy consumers toward physical gold and precious stones. Furthermore, a stronger Yuan and Hong Kong's tax-free shopping environment have further boosted demand, with jewelry prices reportedly more than 5% cheaper than in mainland China. Wealthy Chinese consumers are increasingly favoring gold as a store of value over traditional luxury purchases. Source: Global Markets Investor, Bloomberg
Gold is now down 25% since US–Iran war began in Mar and 29% From the Top Source: Pattern on X
$GLD $ETF just recorded its biggest weekly outflow since March. Investors are heading for the exits after the recent gold washout. The question is whether they're selling into the lows. Source: TME, GS

