Bank of America (BofA) has raised its gold period average forecasts for this year and next, while highlighting that uncertainty arising from US trade policies will continue to lend support to prices in the near-term. BofA now expects gold to trade at $3,063 per ounce (oz) in 2025 and $3,350/oz in 2026, it said in a note on Wednesday. This is an increase from its previous forecasts of $2,750/oz for 2025 and $2,625/oz for 2026. Spot gold is currently trading around $3,024/oz and has gained more than 15% so far this year. This year’s record rally has been steered by economic and geopolitical worries sparked by US ... (full story)