SocGen Holds Bullish Gold View for Q4 Over Lingering Inflation Pressures

Société Générale analysts stay positive on gold and copper into Q4 2026, arguing central banks will lag behind inflation despite rate hikes. The bank keeps a 10% gold and 10% commodities allocation, lifting equities to 58% while cutting government bonds to 12%. It favors a 60/20/20 mix to hedge geopolitical and climate risks.