Goldman Sachs's market research reveals that as the traditional phase of elevated market volatility draws near, there is a notable split in the market sentiment among global institutional investors. On one hand, the bulls are still riding the wave of the rally in AI-powered tech stocks, driven by their optimism about the transformative potential of artificial intelligence. On the other hand, the bears are keeping a wary eye on the potential hazards posed by sluggish economic growth and excessive market concentration. Nevertheless, amidst these divergent views, a robust consensus has emerged: investors, irrespective of their bullish or bearish stance, are opting to take long positions in gold. This trend underscores gold's appeal as a safe-haven asset during times of uncertainty. Additionally, enthusiasm for the Chinese market remains undiminished, with 62% of respondents expressing intentions to either hold steady or boost their investments in Chinese stocks.