Business · Markets · 1 day ago
TD Securities sees long-term potential for gold gains through 2027
Gold prices have started to recover after weeks of selling, moving back toward $4,200 an ounce.
TD Securities says some large funds that had bet on falling prices are closing those positions, which can ease selling pressure.
That does not necessarily mean they are now betting on prices to rise.
The firm also noted renewed inflows into Chinese gold investment funds after a holiday period.
It says long-term support for gold could come from geopolitical uncertainty, public finance concerns and the risk of slow growth alongside persistent inflation.
TD Securities did not give a specific gold price target for 2027.
In the short term, investors are watching whether gold can stay above $4,200, while a stronger dollar and higher US bond yields remain risks.
TD Securities says the long-term conditions supporting gold remain in place and sees potential for prices to rise again.
The assessment points to geopolitical uncertainty, public-finance concerns and stagflation risks as potential sources of support for gold.
TD Securities strategists said algorithmic funds had reduced short positions in gold and platinum.
The report said gold’s short-position covering was about 7% of the historical peak position size, not 7% of funds’ total assets.
The October 9 assessment did not set a new gold price target for 2027.
- Who
- TD Securities, including strategists Ryan McKay and Bart Melek.
- What
- The firm sees long-term potential for gold to rise and reported that algorithmic funds had reduced short positions in gold and platinum.
- When
- In an assessment dated October 9, 2026.
- Where
- Not stated.
- Why
- The firm said geopolitical uncertainty, public-finance concerns and stagflation risks could support gold over the long term.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Gold began to show signs of a recovery.
TD Securities issued an assessment highlighting reduced algorithmic-fund short positions and gold’s long-term potential.
Spot gold recovered from around $4,130 and tested the $4,200 level.
- Assessment date
- October 9, 2026
- Strategists
- Ryan McKay and Bart Melek
- Gold short-position covering
- About 7% of the historical peak position size
- Gold price level tested
- $4,200 per ounce
- 2027 outlook
- No new specific gold price target was announced
Sources
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