It has been an incredible year for gold (GCZ25), and prices have been rising to fresh record highs, topping $4,000 per ounce. While most brokerages were bullish on the precious metal, the rally has taken most, if not all, by surprise, and in hindsight, analysts were quite frugal with their targets.
However, analysts have been gradually raising gold’s forecast, and Bank of America expects prices to rise to $5,000 per ounce in 2026. That number now looks like the holy grail for gold after prices have comfortably breached the $4,000 level. Meanwhile, even as the gold mania continues, there are sane voices of caution from some, and Deutsche Bank has warned that prices might have peaked and may lose momentum.
