Bank of America Raises Gold Price Forecast to $5,000/oz for 2026

Bank of America has significantly increased its gold price forecast to $5,000 per ounce for 2026, alongside a prediction of silver reaching $65. This bullish outlook is driven by inflation concerns and geopolitical tensions, suggesting that both metals may serve as safe havens for investors amid economic uncertainties. Market analysts are closely monitoring these developments as they could impact trading strategies and economic stability.