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Bank of America Maintains 12-Month Gold Target at $6,000 per Ounce Amid Near-Term Headwinds

GateNews

2026-05-26 03:38:21

XAU-0.63%

According to Bank of America Managing Director Michael Widmer, the bank maintained its 12-month gold price target of $6,000 per ounce on May 26, citing near-term pressure from declining U.S. rate-cut expectations.

Despite short-term headwinds related to inflation repricing and interest rate expectations, the bank reiterated its bullish long-term outlook, supported by continued central bank purchases, rising investor demand, and weakening economic growth indicators.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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