Wall Street Continues To Raise Its Bullish Calls Of Gold - Here's Why

Wall Street continues to push its already inaccurate calls to gold, as the precious metal is climbing new heights.

Gold (Gc = f) The future touched their 17th record of the year on Thursday, climbing north of $ 3,070 per President Trump’s automatic tariff announcement He halted further fears of escalating the trade war. Move lower in the US dollar (Dx-y.nyb) The index also helped increase prices higher.

Comex – delayed quote USD

From 2:11:45 pm ed. Open market.

Earlier this week, Bank of America analysts raised their price of gold to $ 3,500 an ounce over the next 18 months from $ 3,000 earlier. The new goal is based on the assumption that investments are increasing by 10% through more purchase than China and central banks and continuous purchases of physically supported ETF.

“The uncertainty over Trump’s administration’s trade policy can continue to press the US lower, which further supports the prices of gold close to the end. In our opinion, the wide rebalance of America’s twin deficits could be bullish gold,” analysts wrote.

“The conflict of factors, mostly guided by the Trump administration’s mix of economic policy, have forced investors to increase their yellow metal distributions,” analysts write.

Bofa’s call follows a similar forecast from the McCwari group, that recently predicted The precious metal will touch 3,500 USD in the third quarter of this year.

Of the year 15% of 15% of 15% of 15%, it even prompted JPMorgan analysts to doubt whether the 4,000 USD price was an opportunity.

The firm’s researchers noted that the price of goods ranges from $ 2,500 to $ 3,000 in just 210 days, significantly faster than the previous $ 500, which has been over 1,700 days on average.

JPMorgan analysts on Wednesday asked in a client’s note: “With each stage of $ 1,000 to last about two -thirds less time than the previous one, and given the law on reducing yields, along with investors’ attractions for round numbers, could a $ 4,000 mark behind the corner?

Analysts said the freezing of Russian foreign assets after the war in Ukraine “caused a structural change in the demand for gold”. Last year, demand for precious metal reached a high level As the central bank’s procurement accelerated.

“Staying in 2025, gold remained our top naken choice for the third consecutive year in a row,” analysts wrote.