Bank of America hikes gold forecast to $5K an ounce as investors flock to safe-haven asset

Cătălin Roșioru

Bank of America on Monday hiked its price forecast for gold to $5,000 an ounce in 2026 as investors flock to the safe-haven asset. The bullish prediction follows a blowout year for the precious metal, which surged above $4,000 for the first time ever last week. Gold notched a new all-time high of $4,079.62 on Monday after President Trump threatened a “massive increase” of tariffs on China , accusing the nation of “becoming very hostile” in its rare earth restrictions.  Fearful of heightened

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