Bank of America Predicts Gold Prices Could Reach $3,500 per Ounce
Gold may hit record levels driven by central bank and Chinese demand.
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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