Gold Price Forecast: Bank of America Reveals Bold Target
Bank of America remains bullish on gold’s prospects as the latest price prediction indicates a major rally on the horizon. The XAU/USD index is trading above the $3,300 mark on Tuesday and had touched an all-time high of $3,500 in April. The glittery metal is still attracting heavy buying sentiments from retail holders, institutional funds, and central banks of developing nations.
The buying spree soared rapidly in three years pushing its price to hit new highs every quarter. Gold is in the spotlight of global finances and Bank of America has now provided a new bullish price forecast. Taking an entry position now at the $3,300 level could still prove beneficial, according to the latest BofA price prediction.
Also Read: If You Bought $2,000 of Bitcoin & Gold in 2010, Which Is More Profitable Today?
Gold Price Prediction: Bank of America Forecasts $4,000 Level
Bank of America’s analyst said in an interview with CNBC that a $4,000 price target for gold is achievable in 2026. The forecast estimates that the prices could reach the $4,000 threshold during the second half of 2026. “We’ve been calling for $3,500 gold for the first half of this year,” said Francisco Blanch, Head of Global Commodity at Bank of America Securities.
Also Read: Gold Challenges US Dollar: These 5 Countries Control Over Half of Global Reserves
“We got there, and we feel the market’s going through a correction right now that could last a few months. We’re still bullish longer term. We think longer term, maybe into the second half or into 2026, we’ll breach $4,000 per ounce. We expect it to happen into year-end, into 2026,” said the Bank of America analyst on gold hitting $4,000.
That’s an uptick and return on investment (ROI) of approximately 20% from its current price of $3,300. An investment of $10,000 could turn into more than $12,000 if the Bank of America price prediction on gold turns out accurate. Considering the timeframe, a double-digit return is impressive as very few financial assets generate this much profit.
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Gold Price Forecast: Bank of America Reveals Bold Target
Bank of America remains bullish on gold’s prospects as the latest price prediction indicates a major rally on the horizon. The XAU/USD index is trading above the $3,300 mark on Tuesday and had touched an all-time high of $3,500 in April. The glittery metal is still attracting heavy buying sentiments from retail holders, institutional funds, and central banks of developing nations.
The buying spree soared rapidly in three years pushing its price to hit new highs every quarter. Gold is in the spotlight of global finances and Bank of America has now provided a new bullish price forecast. Taking an entry position now at the $3,300 level could still prove beneficial, according to the latest BofA price prediction.
Also Read: If You Bought $2,000 of Bitcoin & Gold in 2010, Which Is More Profitable Today?
Gold Price Prediction: Bank of America Forecasts $4,000 Level
Bank of America’s analyst said in an interview with CNBC that a $4,000 price target for gold is achievable in 2026. The forecast estimates that the prices could reach the $4,000 threshold during the second half of 2026. “We’ve been calling for $3,500 gold for the first half of this year,” said Francisco Blanch, Head of Global Commodity at Bank of America Securities.
Also Read: Gold Challenges US Dollar: These 5 Countries Control Over Half of Global Reserves
“We got there, and we feel the market’s going through a correction right now that could last a few months. We’re still bullish longer term. We think longer term, maybe into the second half or into 2026, we’ll breach $4,000 per ounce. We expect it to happen into year-end, into 2026,” said the Bank of America analyst on gold hitting $4,000.
That’s an uptick and return on investment (ROI) of approximately 20% from its current price of $3,300. An investment of $10,000 could turn into more than $12,000 if the Bank of America price prediction on gold turns out accurate. Considering the timeframe, a double-digit return is impressive as very few financial assets generate this much profit.
Read More