Overview of Major Investment Banks' Gold Outlook - Bank of America and Goldman Sachs Bet on $4000 vs Citigroup's Brave Bearish View at $3000

1. JPMorgan: Expects gold prices to rise to $3840/ounce by fiscal year 2026.

2. Bank of America: Expects gold to rise to $4000/ounce in the next 12 months.

3. Wells Fargo: Expects gold prices to slightly retreat to the range of $3000-$3200 by the end of this year, and then rise to a peak of $3600 by the end of 2026.

4. Deutsche Bank: Now expects gold prices to reach $3400/ounce by the end of this year and rise to $3600/ounce by the end of next year, with previous expectations being $3000/ounce.

5. ANZ Bank: The Federal Reserve may restart interest rate cuts in the third quarter, and further rate cuts will support gold prices. In the short term, gold prices may consolidate first, then rebound to $3600 before the end of the year.

6. UBS: Recommends buying on dips, expecting only a mild market correction. Still optimistic about global stock markets, defense, and gold, with expectations that gold prices will reach $3500/ounce by the end of 2025.

7. Citigroup: Weaker investment demand, improved global economic growth prospects, and Federal Reserve rate cuts may all lead to a decline in gold prices, which are expected to fall below $3000 in the coming quarters.

8. TD Securities: As a hedge against escalating tensions in the Middle East, gold is a relatively low-risk safe-haven asset amid potential regional turmoil, setting a one-month gold price target at $3650/ounce.

9. Goldman Sachs: Maintains its previous forecast that structural strong buying behavior from central banks will drive gold prices to $3700/ounce by the end of 2025 and to $4000/ounce by mid-2026.#币安Alpha上新