Bank of America has raised its recent gold price target to $6,000 per ounce.
BlockBeats News, January 26th, Bank of America has recently raised its gold price target to $6,000 per ounce, making it the most aggressive gold forecast among all major institutions.
“While history does not necessarily predict the future, the average price increase in the past four bull markets has been about 300% within 43 months, implying that gold will reach $6,000 per ounce in the spring of 2026,” wrote Bank of America analyst Michael Hartnett in a report to clients. He predicts that the price of gold will reach $6,000 per ounce this spring, which would push the price more than 20% above its current all-time high. (Golden Finance)
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