Mounting geopolitical uncertainty is breathing new life into gold’s rally, with top financial institutions now predicting a surge toward $4,000 per ounce.
Bank of America has projected the yellow metal could hit that milestone within the next year, while Goldman Sachs expects prices to climb to $3,700 by year-end, eventually reaching $4,000 by mid-2026.
The forecasts come as central banks continue to accumulate gold reserves and investors turn defensive.
Gold is currently trading around $3,395—up nearly 30% since January and not far from its April peak of $3,500.
Analysts say the renewed momentum is being fueled by concerns of broader conflict in the Middle East. Recent airstrikes by Israel targeting Iranian military figures have rattled markets, pushing safe-haven assets higher.
Though gold pared some gains after the initial spike, strategists believe elevated prices could persist as global tensions remain unresolved.
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