According to Jinse Finance, Bank of America stated that gold prices could reach $5,000 per ounce by 2026, and the bank believes that the recent surge in gold prices will continue. The strategist team led by Michael Widmer believes that gold is currently “Overbought”, but still “under-invested”, with the unusual economic policies in the U.S. providing support. Bank of America expects the average gold price next year to reach $4,538 per ounce, noting that tight mineral supply, low inventories, and uneven demand are the main reasons. The bank also raised its price forecasts for copper, aluminum, silver, and platinum for 2026, but stated that palladium remains in oversupply.
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Bank of America: Gold prices could reach $5000 by 2026
According to Jinse Finance, Bank of America stated that gold prices could reach $5,000 per ounce by 2026, and the bank believes that the recent surge in gold prices will continue. The strategist team led by Michael Widmer believes that gold is currently “Overbought”, but still “under-invested”, with the unusual economic policies in the U.S. providing support. Bank of America expects the average gold price next year to reach $4,538 per ounce, noting that tight mineral supply, low inventories, and uneven demand are the main reasons. The bank also raised its price forecasts for copper, aluminum, silver, and platinum for 2026, but stated that palladium remains in oversupply.