Bank of America Predicts Gold Prices Could Reach $3,500 per Ounce
Analysts at Bank of America have released an updated forecast for the gold market, predicting that the price of the precious metal could soar to $3,500 per ounce within the next two years.
According to experts, the key drivers of growth are:
— increased purchases by central banks,
— growing demand from China’s insurance sector.
Amid global economic instability and geopolitical tensions, gold is once again seen as a reliable safe-haven asset.
So far this year, the metal has risen by 14%, surpassing the $3,000 per ounce mark for the first time.
Bank of America’s forecast:
— average gold price in 2025: $3,063 per ounce,
— in 2026: projected to rise to $3,350 per ounce.
If investment demand increases by 10%, a spike to $3,500 per ounce is possible.
Markets continue to closely monitor the actions of the Federal Reserve, inflation trends, and central bank policies. In the face of rising risks, gold remains a key hedging tool with consistently strong positioning in global financial markets.
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