---
title: "Gold price, Bank of America has started calling for 3500!"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228104514.md"
description: "Bank of America is optimistic about gold. Their latest logic is: \"Our supply and demand model shows that if investment demand increases by just 1%, the average price of gold this year will reach $3,000 per ounce. To reach $3,500 per ounce, investment demand needs to increase by 10%. This number is large, but not impossible. The measure allowing insurance companies in China to invest in gold could create an additional demand of 300 tons, equivalent to 6.5% of the global annual market.\""
datetime: "2025-02-13T00:41:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228104514.md)
  - [en](https://longbridge.com/en/news/228104514.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228104514.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/228104514.md) | [繁體中文](https://longbridge.com/zh-HK/news/228104514.md)


# Gold price, Bank of America has started calling for 3500!

Bank of America is optimistic about gold. Their latest logic is: "Our supply and demand model shows that if investment demand increases by just 1%, the average price of gold this year will reach $3,000 per ounce. To reach $3,500 per ounce, investment demand needs to increase by 10%. This number is large, but not impossible. The measure allowing insurance companies in China to invest in gold could create an additional demand of 300 tons, equivalent to 6.5% of the global annual market."

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