Bank of America has raised its recent gold target price to $6,000 per ounce.

GateNews

2026-01-26 05:27:19

BlockBeats News, January 26 – Bank of America has raised its recent gold target price to $6,000 per ounce, making it the most aggressive forecast among all major institutions for gold.

“While history cannot fully predict the future, the average increase in gold prices during the past four bull markets was about 300% over approximately 43 months. This suggests that gold will reach $6,000 per ounce by spring 2026,” wrote Michael Hartnett, an analyst at Bank of America, in a report to clients. He predicts that gold prices will reach $6,000 per ounce by spring this year, which would be more than 20% higher than the current all-time high. (Jin10)

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments