Bank of America is optimistic about gold prices: the spot price of gold may break through the $5,000 mark

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Bank of America’s latest analysis report presents a compelling investment perspective: by 2026, the spot price of gold is expected to rise to $5,000 per ounce. Behind this bold prediction reflects a reassessment by global financial institutions of the long-term value of precious metals.

Analysts point out that the current gold market exhibits an interesting paradox. Although gold prices are already at historic highs, from an investment allocation perspective, gold’s share in global portfolios remains relatively low and underappreciated. This means that once market sentiment shifts, capital seeking safe-haven assets could flood in on a large scale.

Against the backdrop of uncertain economic prospects and rising geopolitical risks, precious metals are regaining favor among investors. Bank of America believes that gold’s status as a traditional safe-haven asset remains solid, while its scarcity and store-of-value characteristics lay the foundation for future price increases. As more institutional investors realize the importance of gold allocation, the upward potential of the spot price of gold in the coming years is worth looking forward to.

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