Bank of America: Geopolitical uncertainty will continue to support gold prices, potentially reaching $4,000 by the end of the year

Bank of America expects that by the end of this year or early 2026, gold prices will reach $4,000. Analysts at the bank stated that geopolitical uncertainties triggered by trade will continue to support the metal, and growing concerns about the U.S. government's fiscal situation may catalyze the next round of increases. "So far, trade disputes have mainly affected the economy by disrupting supply chains and weakening confidence," said Francisco Blanch, head of global commodities and derivatives research at Bank of America. Gold currently seems to be adjusting, but the long-term outlook remains bullish. "In the longer term, perhaps by the second half of the year or in 2026, gold prices will break through $4,000 per ounce, but due to some extreme uncertainties in recent months seemingly fading, gold prices are undergoing adjustments, which may last for several months."