Bank of America expects gold to reach $4,000 by the end of this year or the beginning of 2026. The bank's analysts said that geopolitical uncertainty caused by trade will continue to support metals, and growing concerns about the US government's financial situation may catalyze the next round of growth. “Until now, trade disputes have mainly affected the economy by disrupting supply chains and weakening confidence.” Francisco Branch, head of global commodities and derivatives research at Bank of America, said that gold appears to be currently being adjusted, but the long-term outlook is still bullish. “In the longer term, the price of gold may exceed $4,000 per ounce by the second half of the year or 2026, but as some extreme uncertainty in recent months seems to be fading away, the price of gold is undergoing adjustments, and this stage may continue for several months.”

Bank of America expects gold to reach $4,000 by the end of this year or the beginning of 2026. The bank's analysts said that geopolitical uncertainty caused by trade will continue to support metals, and growing concerns about the US government's financial situation may catalyze the next round of growth. “Until now, trade disputes have mainly affected the economy by disrupting supply chains and weakening confidence.” Francisco Branch, head of global commodities and derivatives research at Bank of America, said that gold appears to be currently being adjusted, but the long-term outlook is still bullish. “In the longer term, the price of gold may exceed $4,000 per ounce by the second half of the year or 2026, but as some extreme uncertainty in recent months seems to be fading away, the price of gold is undergoing adjustments, and this stage may continue for several months.”