U.S. asset management giant PIMCO: Optimistic about long-term prospects for gold, long-term structural support remains unchanged after historic decline

K-LinePoet · 2026-02-26T12:30:33+00:00

Greg Sharenow, head of Pinhau Investment Management, stated that despite the recent sharp decline in gold prices, the long-term upward trend of gold remains stable, primarily driven by changes in the world order and inflation. He believes that short-term fluctuations will not alter the long-term structural support for gold.

K-LinePoet

2026-02-26 12:30:33

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On February 5th, local time, Greg Sharenow, head of the commodities investment team at asset management giant Pimco, stated that despite recent sharp declines in gold prices, the long-term upward trend of gold remains unchanged. “Changes in the world order and inflation are still the two main driving factors,” Sharenow said. “This is reflected in people’s desire to diversify their investments. In my view, this is the long-term structural support for gold.” Gold prices have fallen 15% from the all-time high reached last week. Last month, gold and silver prices surged, hitting new record highs consecutively. “There are long-term buyers for gold, but short-term funds can easily push it down by 10% or 15%, but that doesn’t change its long-term trend,” Sharenow added. (Jiemian News)

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