Bank of America forecasts gold price drop

A comprehensive analysis of the gold market is presented in Bank of America’s report, which forecasts the price of an ounce reaching around $5,000 in the next twelve months. This comes despite the current decline to approximately $4,000 after rising from the beginning of the year to $5,600, then decreasing by 7% since early 2026. Gold prices have fallen due to reduced expectations of the U.S. interest rate cuts, even though long-term prospects still favor gains supported by flexible monetary policies, rate reductions, expectations of a weaker dollar, and resilient demand from central banks. Experts believe that the current phase presents a buying opportunity between $3,700 and $4,000, while closely monitoring monetary policy and geopolitical tensions—factors that enhance gold's appeal as a store of value. The report also highlights that Russia has sold 1.4 million ounces of gold over six months to finance its budget deficit, while the majority of central banks continue purchasing gold, reflecting divergent approaches among nations in managing their reserves.

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