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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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Gold prices are holding above the $5,100 February breakout level this week, but the yellow metal faces major resistance between $5,200 and $5,300 per ounce, even as the technical picture looks increasingly like the one before the January selloff, with a breach of $5,100 signaling downside risk toward $4,800 and even $4,380, according to Razan Hilal, market ...
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From kitco.com | Feb 26, 2026
Gold’s rally may have cooled from its frenetic start to the year, but the structural forces underpinning the precious metals market remain firmly in place — and increasingly favor the yellow metal over silver, according to one market analyst. In an interview with Kitco News, Nitesh Shah, head of commodities and macroeconomic research at WisdomTree, said ...
