Gold Price Outlook Rises as Goldman and BofA Warn of Global Uncertainty
Bank of America and Goldman Sachs have raised their gold price targets amid escalating geopolitical tensions.
BofA forecasts gold to hit $4,000 per ounce within 12 months, while Goldman predicts it will reach $3,700 by year-end and climb to $4,000 by mid-2026. Gold is currently trading at $3,395, up 30% year-to-date but slightly below its April peak of $3,500. Analysts attribute the surge to rising Middle East conflict, with recent Israeli airstrikes on Iranian military targets fueling investor demand for safe-haven assets.Clever Robot News Desk 19th June 2025
Clever Robot News Desk 19th June 2025
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