BofA cuts 2026 average gold forecast, sees long-term upside

Despite a generally positive long-term outlook on gold, brokerages are adjusting their near-term expectations downward. Bank of America has notably decreased its average gold forecast for 2026 by fourteen percent. Similarly, JPMorgan is indicating that risks to its gold predictions appear to trend negatively. Analysts are presenting a wide range of price targets for gold, with current prices hovering around $4,060 per ounce.