Bank of America Global Research has stated on Thursday that gold could surge to an unprecedented $6,000 per ounce within the next 12 months, driven by potential shifts in Federal Reserve leadership and increasing uncertainty from U.S. tariff policies.These factors are expected to trigger higher flows into the precious metal as investors seek safe-haven assets.
However, BofA cautions that in the near term, gold may face consolidation. The analysts note investor appetite is currently cooling after the rally, with signs that exposure to gold is increasing at a slower rate. This suggests gold prices may experience a period of weakness into spring, although ongoing tariff uncertainties could shorten this consolidation.
On silver, BofA adopts a more cautious view, warning prices could fall back further in the near term. Nonetheless, analysts have not ruled out a potential return to $100 per ounce for silver in the longer run.
