18 January 2023 | Other

Bank of America: gold forecast is optimistic until at least 2026

For the past two and a half years gold investors probably reevaluated the prospects of this asset all the time and experienced many doubts. However, the situation has changed now. Bank of America (BofA) analysts believe that gold will be an important part of investors’ portfolios in the following three years.

The bank’s commodity strategist Michael Widmer noted that interest in gold has been rather weak over the last quarters. It was partially driven by the strengthening of the U.S. dollar and interest rate hikes, which did not give the precious metal a chance to increase. At present, Widmer gives it an optimistic macro outlook for 2023 and further.

According to Widmer, the revenue breakdown analysis demonstrates that gold will have good results until at least 2026. Although, as the analyst stated, the precious metal might become a reliable asset for portfolio diversification in a more long-term outlook as well.

Company MarketCheese
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
04 July 2025 37
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
04 July 2025 34
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
03 July 2025 57
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
03 July 2025 160
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
02 July 2025 83
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
02 July 2025 57
Go to forecasts