Wednesday, August 13, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Bank of America Revises Gold Price Forecast: Check the New Target

Simon Osuji by Simon Osuji
March 27, 2025
in Business
0
Bank of America Revises Gold Price Forecast: Check the New Target
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Gold prices are trading above the $3,000 mark in March and are attracting heavy bullish sentiments in the charts. On Thursday, they hovered around $3,035, up nearly 15 points in the day’s trade. The XAU/USD index has remained in the green for six consecutive days and is among the top-performing assets in the commodity markets. Bank of America has revised its price prediction for gold, providing a new target.

Also Read: Bitcoin: BlackRock’s Spot BTC ETF Buys $107 Million Worth BTC

gold prices xau usd $3035gold prices xau usd $3035
Source: TradingView

Gold Price Target Revised By Bank of America

Gold Price All-Time High $3,000Gold Price All-Time High $3,000
Source: Watcher.Guru

In the latest commodity report, Bank of America wrote to stakeholders that gold prices could relatively become stable in 2025. According to the recent price prediction, the leading bank forecasts the precious metal to reach a high of $3,063 this year. The prices could cool down after hitting a new all-time high as the XAU/USD index is already up 15.5% year-to-date.

Also Read: Can Ethereum (ETH) Claim $3,000 In Q2 2025?

Bank of America wrote that gold’s growth could be limited in the next nine months as traders would indulge in sell-offs and profit bookings. However, the bank is relatively bullish on gold and predicted that the prices could reach a high of $3,350 in 2026.

The forecast from Bank of America estimates that gold prices could rise nearly 10.5% in 2026 and reach $3,350. Also, the latest commodity report states that gold prices could hit another new all-time high of $3,500 in 2027. The confidence stems from central banks aggressively accumulating tons of gold in their reserves.

Also Read: Jim Cramer Calls to Sell Alphabet (GOOGL) Stock: Here’s Why

In conclusion, Bank of America is confident that gold prices will sustainably scale up in the charts for the next two years. The diversification is making the XAU/USD chart bullish as investments worth billions pour in. “Looking at gold as an effective portfolio diversifier, central banks have an 11% gold allocation in their FX reserves, up from 5.5% in 2000, so investment in the yellow metal has already come a long way,” the analysts said. “Yet, central banks could diversify further,” said Bank of America analysts.

Source link

Related posts

Top 10 Pitch Decks from African Startups That Actually Raised Money

Top 10 Pitch Decks from African Startups That Actually Raised Money

August 13, 2025
KCB Group to Pay KShs. 13B in Dividends as Net Profit Rises 8%

KCB Group to Pay KShs. 13B in Dividends as Net Profit Rises 8%

August 13, 2025
Previous Post

Wave to seek approval of Duchenne drug after mid-stage study data

Next Post

Prince Harry Quits African Charity He Founded After Trustees Walk Out

Next Post
Prince Harry Quits African Charity He Founded After Trustees Walk Out

Prince Harry Quits African Charity He Founded After Trustees Walk Out

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Empowering African Americans in the Battle Against Brain Cancer

2 years ago
Federal Decree-Law on Tax Procedures amended

Federal Decree-Law on Tax Procedures amended

10 months ago
Fraudsters hijack African billionaire’s X account, defraud victims of $1.48 million

Fraudsters hijack African billionaire’s X account, defraud victims of $1.48 million

6 months ago
Amazon unveils largest text-to-speech model ever made

Amazon unveils largest text-to-speech model ever made

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.