Odaily Odaily reports that Bank of America predicts gold prices could reach $5,000 per ounce by 2026, believing the recent surge in gold prices will continue to be driven by factors that drive the market. A team of strategists led by Michael Widmer believes gold is currently "overbought" but still "underinvested," with unusual U.S. economic policies providing support. Bank of America forecasts an average gold price of $4,538 per ounce next year, citing tight mine supply, low inventories, and uneven demand as key factors. The bank also raised its 2026 price forecasts for copper, aluminum, silver, and platinum, but noted that palladium remains in oversupply. (Golden Ten)
Bank of America: Gold prices may reach $5,000 in 2026
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