Major investment bank drops another optimistic take on gold markets.

Here's an interesting data point they're highlighting: if US investors bump up gold's weight in their portfolios by just 1 basis point—and we're talking actual buying here, not just prices going up on their own—gold could rally 1.4%.

That's a pretty tight correlation they've modeled out. Essentially means incremental demand from financial portfolios has serious leverage on spot prices. Worth noting this hinges on *new capital allocation* rather than passive appreciation from existing holdings.

The math suggests gold remains sensitive to even minor shifts in institutional and retail positioning within traditional finance portfolios.