“Bank of America” announces gold expectations for the year 2026… and warns against silver
Bank announced "Of America" His forecast for Precious metals this week, raising its forecast for gold in 2026 to $5,000 per ounce, and for silver to $65 per ounce, with an average of $56.25.
Gold prices rose above $4,000 per ounce for the first time ever on October 8, with investors strengthening their bets on safe assets after US President Donald Trump renewed His threats to raise customs duties on China.
She added expectations of reducing US interest rates indicate the attractiveness of the yellow metal, as traders place 99% and 94% probability of reducing interest rates by 25 basis points this October and next December, respectively.
He believes "Bank of America" The possibility of a correction in the near term, but it still expects a further rise in 2026.
The bank indicated that "Looking to 2026, a 14% increase in investment demand – similar to what we saw this year – could push the price of gold to $5,000 per ounce."
The bank also expects Silver, although demand is expected to decline by 11% next year, due to continued supply shortages.
According to the Silver Institute, silver is heading towards its fifth consecutive year of structural deficit in the market.
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