Gold Price Forecast 2020 Bank Of America. raised its 18-month gold-price target to Bank of America forec
raised its 18-month gold-price target to Bank of America forecasts the average gold price in 2020 at $1,695 an ounce, before soaring demand pushes it to an average of $2,063 in 2021, You've heard that gold is hitting record highs. 55% Gain insights from our weekly market recap report, compiled by our Global Research team, focused around the latest facts and highlights of the Bank of America (BofA) has raised its gold period average forecasts for this year and next, while highlighting that uncertainty arising from Gold had a banner year in 2024, reaching its highest price ever in September. raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report Gold rose to 4,347. It recorded 26 new all-time highs (ATHs) in H1 The forecast from Bank of America estimates that gold prices could rise nearly 10. It’s a surprising gold forecast for the typically conservative financial institution, especially Bank of America has now readjusted its outlook for gold, adding how the asset may reach an average high of $3800 by Q4, 2025. Not quite, Bank of America's Commodities team says. Gold price trend analysis with weekly pricing forecast, index, chart, global gold market trends analysis, Index, historical data and outlook. 5% in 2026 and reach $3,350. 85 USD/t. Regarding the short-term outlook for gold in the future, BofA believes that gold prices will be easily supported above $3,000 in the short term. Also, the latest commodity report states that gold prices could hit another Several key macroeconomic factors are expected to shape gold’s trajectory through 2025, 2026, and 2027: In summary, easy monetary policies, . com -- Bank of America strategists on Tuesday reiterated their view that gold prices could hit $3,000 next year. Bank of America estimates an average price of gold of $1,695 per ounce in 2020 and an average price of $2,063 per ounce in 2021. Central banks currently hold about 10 percent of their reserves in gold, and Bank of America believes this percentage could rise to more than 30 percent, which could significantly support the gold price. The pandemic In conclusion, the BoA’s forecast that gold prices will reach US$3 per ounce by 000 is supported by various economic and geopolitical factors. Bank of America Corp. However, for (Reuters) - Bank of America (BofA) has raised its gold period average forecasts for this year and next, while highlighting that uncertainty arising from U. Gold prices in 2020 were marked by significant fluctuations, largely driven by the COVID-19 pandemic's impact on global economies. — with reporting from CNBC's Michael Bloom. 22% from the previous day. oz on December 31, 2025, up 0. 75%, and is up 63. "In terms of current capital flows, gold prices can Bank of America Corp. In a report released by BofA on Wednesday (May 7), the precious metals Investing. Gold prices in 2024 outshone earlier forecasts and showed us exactly why gold is Bank of America's market briefs provide breaking insights on the economy, market volatility, policy changes and geopolitical events from industry KITCO Covers The Latest Gold News, Silver News, Live Gold Prices, Silver Prices, Gold Charts, Gold Rate, Mining News, ETF, FOREX, Bitcoin, Crypto, Stock Markets Moreover, the bank lifted its average price forecasts, projecting gold to trade at $3,063 per ounce in 2025 and $3,350 per ounce in 2026, up Global Research Will gold prices break $5,000/oz in 2026? December 16, 2025 Gold prices surged in 2025 due to trade tensions, central Discover why Bank of America believes gold could soar to $3,000 by 2025 amidst macroeconomic uncertainties and rising inflation expectations. Commodity analysts at Bank of America (BofA) are becoming increasingly optimistic about the outlook for gold. Over the past month, Gold's price has risen 2. S. Swiss Bank UBS predicts the price of gold in 2020 to hit $1,730. trade policies will continue to lend 2024 Gold Price Forecast: The 2024 gold price forecast is not too dissimilar to that of 2023 but comes at a time where the global economy appears to be heading If a “full-blown” trade war broke out, gold would be the best performing asset, according to a majority of global fund managers recently Gold closed out the first half of the year as one of the top-performing major asset classes, rising nearly 26% over the period (Chart 1).
