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Bank of America Bullish on Gold Despite Pullback, Targets $5,000/oz by 2026

Bank of America Bullish on Gold Despite Pullback, Targets $5,000/oz by 2026

Author:

Global Cryptocurrency

Published:

2025-10-28 21:02:02

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Bank of America analysts remain unfazed by gold's recent retreat from record highs, maintaining a long-term bullish stance. The precious metal's 60% year-to-date surge—peaking above $4,300/oz before correcting below $4,000—fits historical bull market patterns observed since 1970.

The bank's latest Global Metals Weekly report attributes gold's rally to macroeconomic uncertainty, forecasting a climb to $3,800/oz by end-2025 before reaching $5,000/oz in 2026. 'Current overbought conditions don't negate the structural case,' the note asserts, highlighting gold's traditional role as a volatility hedge.

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