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Despite consolidating below $5,200, gold still has a path to $6,000, says Bank of America
The gold market continues to struggle to hold gains above $5,200 an ounce, and while prices still have the potential to move higher by year-end, one bank expects further consolidation through the spring. Although gold prices are encountering some near-term resistance, the market is looking to end the month on solid footing as prices have recovered from the late-January selloff. Spot gold last traded at $5,153.40 an ounce, up more than 5% this month. In their latest commodity report, analysts at Bank of America reiterated their 12-month gold price target of $6,000 an ounce; however, they also acknowledged that the ... (full story)
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- Feb 26, 2026 11:38am Posted byFundamental Analysis207
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