Pricing The Unthinkable? SocGen Spots Big $20,000 Gold Bets

Some staunch gold bulls are shrugging off the precious metal's historic correction and holding out for another surge to what SocGen's Commodity Reaearch team calls "unthinkable" levels.

Gold has doubled since early 2024, fueled by speculative flows, geopolitical tensions, concerns about the Fed's independence, and diversification away from currencies and sovereign bonds.