Gold at $6000? What will this mean?

Bank of America analyzed previous bull cycles and believes that gold could rise to $6000 (+40%) by spring 2026.

This opinion is based on the ratio of the price of gold to the price of oil — an indicator that has historically pointed to the peaks of economic cycles.

📊 What history shows

In the last four bull cycles, this indicator increased on average by 300%, and the rise in gold lasted about 3.5 years.

If the same scenario repeats itself now, we get a range of $5500–6000 per ounce.

At the same time, the current ratio is already 61, with a norm of about 20. This is a level that was previously recorded only during systemic crises: 1988, 2009, and 2020.

⚙️ Why this is important

Such growth indicates that gold is becoming more expensive not due to demand, but due to a loss of confidence in the monetary system.

Historically, this has occurred when:

• debts and deficits spiraled out of control,

• the dollar lost purchasing power,

• markets sought places to preserve capital.

Will we see gold at $6.000 in 2026?