---
title: "Spot gold strongly breaks through 4100 USD, Wall Street major banks rarely significantly raise target price to 5000!"
description: "Spot gold has broken through USD 4,100, with an intraday increase of over 2%, reaching a historical high. Bank of America has raised its gold price target for 2026 to USD 5,000 and silver price target"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260917851.md"
published_at: "2025-10-13T15:16:03.000Z"
---

# Spot gold strongly breaks through 4100 USD, Wall Street major banks rarely significantly raise target price to 5000!

> Spot gold has broken through USD 4,100, with an intraday increase of over 2%, reaching a historical high. Bank of America has raised its gold price target for 2026 to USD 5,000 and silver price target to USD 65. The report indicates that gold and silver prices are driven by supply tightness, policy uncertainty, and soaring investment demand, still having room for upward movement. If ETF inflows continue to grow, gold prices could reach USD 6,000. The silver market is facing supply tightness, with global silver demand expected to decline by 11% in 2026

Spot gold strongly broke through the $4,100 per ounce mark on Monday, soaring more than $90 intraday, with an increase of over 2%, continuing to set new historical highs. Since the beginning of this year, gold prices have risen nearly $1,500, with an annual increase of over 56%, making it one of the most eye-catching assets in the global financial market.

According to the latest report released by Bank of America, it has rarely and significantly raised its mid-term expectations for precious metals, increasing the 2026 gold target price to $5,000 per ounce and the silver target price to $65 per ounce. The report points out that driven by the three factors of "supply tightness, policy uncertainty, and soaring investment demand," gold and silver prices still have room for continued upward movement.

Michael Widmer, head of commodity research at Bank of America, stated that although short-term fluctuations may be influenced by the Federal Reserve's hawkish stance or trade policy volatility, in the context of fiscal imbalances under the Trump administration and macro structural shifts, gold remains the preferred safe-haven asset for investors.

The report predicts that if gold investment demand increases by 14% by 2026, gold prices could rise above $5,000. Data shows that global gold ETF inflows have surged to record levels, with net inflows of $14 billion for SPDR Gold Shares (GLD.US) and iShares Gold Trust (IAU.US) in September, an increase of 880% year-on-year. Currently, gold investment demand accounts for over 5% of the global stock and bond market, compared to only 2.8% two years ago.

Widmer pointed out, "The unconventional fiscal policy path of the White House, including expanding deficits, accelerating debt growth, attempting to reduce the current account deficit, and pushing for interest rate cuts while inflation remains around 3%, will overall continue to support the upward trend of gold prices."

The bank also noted that if ETF inflows continue to grow by 28%, gold prices "could even reach $6,000," but acknowledged that this level is "extremely challenging."

The report also emphasizes that multiple structural factors in the silver market will lead to continued supply tightness. Although Bank of America expects global silver demand to decline by 11% by 2026, mainly due to reduced silver usage in the solar photovoltaic industry, the market will experience a supply deficit for the fifth consecutive year due to mineral supply not keeping pace with demand.

Technological advancements are also exacerbating structural changes. The report states that the solar industry is shifting from high-silver-consuming PERC components to TopCon components, resulting in a decrease in silver usage per unit. Meanwhile, China is accelerating photovoltaic installation construction in 2025 to catch up with policy subsidy rhythms, consuming some demand in advance.

Of particular concern is the "extreme tightness" in the physical silver market. Bank of America noted, "Due to previous expectations of tariffs being implemented, a large amount of silver was transferred to New York, leading to a sharp reduction in London market inventories, soaring leasing rates, and significant disruptions in market operations." Last week, London silver leasing rates surged, indicating tightening physical supply.

Bank of America expects that there may be price fluctuations or corrections in the short term, but the overall trend remains upward. "We believe that despite short-term risks, gold and silver still have further upside potential by 2026, with average prices expected to be $4,400 per ounce and $56.25 per ounce, respectively, with highs reaching $5,000 and $65."

### Related Stocks

- [BAC.US - Bank of America](https://longbridge.com/en/quote/BAC.US.md)
- [07299.HK - FL2CSOPGOLD](https://longbridge.com/en/quote/07299.HK.md)
- [GLD.US - SPDR Gold Shares](https://longbridge.com/en/quote/GLD.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 本轮 AI 大清洗，财富管理平台被错杀了？ | 随着 AI 税务规划工具的推出，财富管理平台股价承压，市场情绪恐慌。美银美林的研报指出，这一抛售是情绪化的错杀，AI 是增强而非替代顾问的工具。高净值客户仍需人类顾问的专业建议，AI 的价值在于提升效率。报告认为，具备高净值客户基础、积极嵌 | [Link](https://longbridge.com/en/news/275890826.md) |
| “就业报告的超级碗” 将于周三发布：这为什么重要 | 1 月的就业报告定于周三上午 8:30（东部时间）发布，因其可能对美联储政策和市场预期产生影响而备受关注。该报告包括重要的修订和更新，可能会重新塑造对劳动力市场动能的理解。美国银行预测非农就业人数将增加 45,000，失业率预计将保持在 4 | [Link](https://longbridge.com/en/news/275507426.md) |
| 达利欧最新深度访谈：美国处于秩序崩溃与内战边缘，黄金是唯一避险方舟 | 桥水达利欧发出重磅警告：美国已深陷 “第五阶段”，处于秩序崩溃与内战边缘。在债务失衡与政治极化下，黄金成为唯一 “非他人负债” 的避险方舟，应占投资组合的 5%-15%。达利欧建议以配置多样化与选择稳定居住地的方式来应对法币贬值与即将到来的 | [Link](https://longbridge.com/en/news/275406996.md) |
| 达利欧万字长文：旧秩序已死，世界重回 “丛林法则”，贸易战和资本战将成常态 | 达利欧宣告世界进入 “大周期” 第六阶段：1945 年后的世界秩序已瓦解，强权即公理，大国冲突将回归原始权力博弈，贸易战、技术战、资本战将常态化并可能升级为军事冲突。慕尼黑安全会议共识印证这一判断：旧秩序已不复存在，欧洲安全架构失效。达利欧 | [Link](https://longbridge.com/en/news/276003775.md) |
| 资产大轮动正在发生！美银 Hartnett：美国政策催生 “一切皆可、美元除外” 交易！ | 美银策略师 Hartnett 表示，全球资金正加速逃离美元资产，一场结构性大轮动已然启动。美股及科技巨头不再是唯一避风港，资金向新兴市场、大宗商品及国际股市分流，他将当前交易概括为 “除了美元，买什么都行”，并认为这是对 “新世界秩序” 的 | [Link](https://longbridge.com/en/news/275893979.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.