He remains bullish on the precious metal in 2026. Gold is seen as a safe haven, especially with concerns over tariff-induced inflation, a slowing US economy, steepening developed market bond yield curves, and a weaker dollar. Gold’s rally to record highs has also been driven by structural demand led by central banks in emerging economies.

“Gold will play a bigger role in asset allocation decisions,” Kinsella said. A number of wealth managers share his views. Swiss private bank are also positive on US equities and gold as they head into 2026, while a number believe that emerging markets will continue to outperform in 2026. See more here.