Gold Target Raised to $6,000 by Bank of America
Bank of America has raised its gold price target to $6,000 per ounce, joining the ranks of the most bullish institutions in the market.
Chief analyst Michael Hartnett noted that historically, gold prices have risen about 300% over 43 months during previous bull markets. Based on this trend, he forecasts gold will hit a new high by spring 2026.
- Potential for prices to rise over 20% above current levels
- Strong demand for precious metals continues to grow
- Macroeconomic uncertainty supports long-term outlook
This bold forecast has sparked investor interest and renewed optimism in the gold market.