Bank of America Predicts Gold to Reach $5000 This Year, Maintains Positive Outlook on Metals

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4 hours ago

Bank of America has released a research report, raising its gold price forecast for the year by 10% to $5000 per ounce and its copper price forecast to $13,200 per ton, while maintaining a positive view on metal prices. The bank anticipates that the copper and aluminum markets will continue to experience supply shortages. Although short-term volatility may increase, demand from the United States, Europe, and China is expected to rebound during the summer. The rise in gold prices is projected to be supported by a weaker US dollar, geopolitical uncertainties, sustained investment demand, and central bank purchases. The bank forecasts that gold will reach between $4900 and $5000 per ounce in the period from 2026 to 2027. Regarding individual stock recommendations, the bank's top pick is Zijin Mining Group (02899), expecting its copper production to increase by 11% and gold production by 16% by 2026, citing attractive valuation and strong execution capabilities.

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The bank anticipates that the copper and aluminum markets will continue to experience supply shortages. Although short-term volatility may increase, demand from the United States, Europe, and China is expected to rebound during the summer. The rise in gold prices is projected to be supported by a weaker US dollar, geopolitical uncertainties, sustained investment demand, and central bank purchases. The bank forecasts that gold will reach between $4900 and $5000 per ounce in the period from 2026 to 2027. Regarding individual stock recommendations, the bank's top pick is Zijin Mining Group (02899), expecting its copper production to increase by 11% and gold production by 16% by 2026, citing attractive valuation and strong execution capabilities.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Predicts Gold to Reach $5000 This Year, Maintains Positive Outlook on Metals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America Predicts Gold to Reach $5000 This Year, Maintains Positive Outlook on Metals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-02-25 11:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bank of America has released a research report, raising its gold price forecast for the year by 10% to $5000 per ounce and its copper price forecast to $13,200 per ton, while maintaining a positive view on metal prices. The bank anticipates that the copper and aluminum markets will continue to experience supply shortages. Although short-term volatility may increase, demand from the United States, Europe, and China is expected to rebound during the summer. The rise in gold prices is projected to be supported by a weaker US dollar, geopolitical uncertainties, sustained investment demand, and central bank purchases. The bank forecasts that gold will reach between $4900 and $5000 per ounce in the period from 2026 to 2027. Regarding individual stock recommendations, the bank's top pick is Zijin Mining Group (02899), expecting its copper production to increase by 11% and gold production by 16% by 2026, citing attractive valuation and strong execution capabilities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDXU","symbol_name":"MicroSectors Gold Miners 3x Leveraged ETN","start_time":0,"source_url":"","article_id":"1102226928","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102226928","pubTimestamp":1771989143,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Bank of America has released a research report, raising its gold price forecast for the year by 10% to $5000 per ounce and its copper price forecast to $13,200 per ton, while maintaining a positive...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","PALL":"abrdn Physical Palladium Shares ETF","XME":"金属与采矿指数ETF-SPDR","UGL":"2倍做多黄金ETF-ProShares","GLDM":"SPDR Gold MiniShares Trust","GLL":"2倍做空黄金ETF-ProShares","BK4588":"碎股","SGOL":"Abrdn Gold ETF Trust","BK4504":"桥水持仓","BK4585":"ETF&股票定投概念","GDXJ":"小型黄金矿业ETF(Market Vectors)","BK4535":"淡马锡持仓","IAU":"黄金信托ETF-iShares","DGP":"二倍做多黄金ETN(PowerShares)","GDX":"黄金矿业ETF-VanEck"},"translate_title":"美银预测金价今年将达5000美元维持金属正面展望","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UGL":1,"GLL":1,"IAU":1,"XME":1,"GDXU":1,"GDXJ":1,"GDX":1,"MGCmain":1,"SGOL":1,"PALL":1,"DGP":1,"GLDM":1},"content_text":"Bank of America has released a research report, raising its gold price forecast for the year by 10% to $5000 per ounce and its copper price forecast to $13,200 per ton, while maintaining a positive view on metal prices. 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