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Gold|Lifting
Gold|Lifting
gold|lifting

BofA hikes gold price forecast to $5 000/oz for 2026

13th October 2025

By: Reuters

  

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Bank of America Global Research on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5 000 an ounce, with an average of around $4 400.

Gold surged above $4 000 an ounce for the first time ever on October 8. Gold prices scaled to another record high at $4 079.62 on Monday as investors revved up their safe-haven bets after US President Donald Trump renewed tariff threats against China, while expectations of US interest rate cuts added to the metal's allure.

The bank sees the risk of a correction near-term, but still expects a further upside in 2026.

"Looking into 2026, a 14% increase of investment demand - similar to what we have seen this year - could lift gold to $5 000/oz," the bank noted.

Edited by Reuters

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