Gold’s Rally Is Different as Central Banks and Investors Align | Michael Gentile

Kitco MINING · Feb 4, 2026 · 13m

Michael Gentile, founder of Bastion Asset Management and a strategic investor in junior mining, says the current surge in gold reflects a structural shift driven by both central banks and financial investors. Speaking with Kitco Mining at the VRIC 2026, Gentile said, “it’s the first time we’ve seen both central banks and financial players buying at the same time,” arguing this dual demand dynamic is driving a long-overdue repricing in precious metals.

Gentile said earlier gains in gold were driven largely by central bank buying, while traditional financial investors were mostly absent. He…