Bank of America resets gold price target for 2026

Bank of America has adjusted its gold price target for 2026, reflecting the metal's impressive performance this year amid rising inflation and unemployment concerns. With gold prices soaring 58% in 2025, significantly outperforming the S&P 500's 13% gain, this shift highlights the growing importance of gold as a safe haven in uncertain economic times. Investors are paying close attention to these trends, as they could signal further volatility in the stock market and a potential shift in investment strategies.