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Wall Street Investment Banks Bullish on Gold, Projecting $5,000/oz by End of 2026
Investment banks widely believe that despite strong US job growth data intensifying market concerns about Federal Reserve interest rate hikes, gold demand remains robust due to continuous diversification of foreign exchange reserves by central banks. Gold prices are projected to potentially test $5,000 per ounce by the end of 2026. RBC Capital Markets' latest forecast predicts gold will reach $4,929 by the end of 2026 and $5,296 in 2027. Goldman Sachs and State Street Global Advisors also hold similar bullish views.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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