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Bank of America Gold Price Forecast

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Calls on record: 0
Reached: 1
Still open: 8 Jul 2026
Tracked since

About Bank of America

Bank of America is one of the largest banks in the United States, based in Charlotte, North Carolina. Its research arm, BofA Global Research, covers commodities alongside stocks, bonds and currencies, and publishes regular forecasts for gold and silver.

Its metals forecasts are usually given as an average price for a year or a quarter, and are revised as the market moves. We track each published gold and silver forecast and compare it with the real price.

Gold calls

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Dark line: gold price in US dollars per ounce. Each dot is one call at its target date and price, joined in the order the calls were made. Hover a dot for the details.

Said on	Prediction	Gold then	Result
8 Jul 2026BNN Bloomberg	$4,360 on average, 1 Jan 2026 to 31 Dec 2026	$4,100	Open

Forecast notes

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Bank of America: BofA cuts 2026 average gold forecast, sees long-term upside

BNN Bloomberg · 8 Jul 2026 · Source

Gold: bullishFed and ratesInflationUS dollarEnergy markets

Bank of America lowered its 2026 average gold forecast 14% to $4,360 an ounce because the Federal Reserve is expected to take a tougher stance.
BofA still believes gold could reach $5,000 an ounce after the Fed’s tightening cycle ends.
Higher interest-rate expectations, inflation concerns, a stronger U.S. dollar and rising oil prices have pressured gold in the near term.
The revision is a short-term downgrade, while BofA’s broader outlook remains positive once monetary tightening is over.

Gold $4,360 on average, 1 Jan 2026 to 31 Dec 2026Open

“On Tuesday, Bank of America said it is reducing its 2026 average gold forecast by 14 per cent to US$4,360 an ounce, citing a more hawkish U.S. Federal Reserve.”

These are the opinions of Bank of America, collected from public interviews and published forecasts. They are for information only and are not investment advice.