Bank of America Sets a New Target For Gold Price By the End of 2026 - Yahoo Finance

AI desk brief

Bank of America expects gold to trade below $4,000 over the next three months, with a Q4 average of $4,000/oz and near-term downside toward $3,950 support. Gold was around $4,100 after hotter U.S. inflation data, while the bank flags a weaker demand backdrop and potential ETF liquidation as key pressure points.

BofA’s demand tracker shows key buyer purchases down 16.6% YoY, with Indian imports off 77.8% even as Chinese imports rose 39.3%; World Gold Council data also showed Q2 jewelry demand falling 25% in the U.S., 15% in India and 28% in China. The bank says the Fed’s tightening cycle and any continued dollar strength cap gold near term, while a reversal in real rates, easing geopolitical stress, or renewed debasement fears would be needed to re-establish a higher base; it still sees gold at $4,750 in Q1 2027 and $5,000 in Q2-Q3 2027.