🏦 The outlook of major investment banks regarding the price of gold is currently characterized by strong bullish expectations in the medium and long term, with the possibility of achieving record price levels in the coming years.
⬅️ The main predictions of banks .. Major financial institutions expect the yellow metal to continue rising driven by structural factors :
🏦 Bank of America: It is expected that the price of gold will reach $5,000 per ounce by 2026.
🏦 Goldman Sachs: Raised its forecasts, indicating the price could reach $4,900 per ounce by the end of 2026.
🏦 J.P. Morgan: Expects gold to exceed $5,000 per ounce in the fourth quarter of 2026.
🏦 Commerzbank: Raised its gold forecast to $3,600 per ounce by the end of 2025.
⬅️ Key factors driving this rise:
• Continued purchases by central banks: Global central banks, especially in emerging markets, continue to increase their gold holdings as a tool for diversifying reserves.
• Interest rate cut expectations: Bets that major central banks will start cutting interest rates in the future, which decreases the appeal of interest-bearing assets and increases demand for gold.
• Hedging against risks: Increasing geopolitical and economic tensions (such as rising global debt) enhancing gold's role as a safe haven.
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