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Bank of America Projects Gold to Average $4,538/oz in 2026, Peak at $5,000
Gold Price: Gold remains strong globally due to the possibility of an interest rate cut in the US in December. The price in the international market is currently around $4,160 per ounce. The Multi-Commodity Exchange (MCX) is also seeing a rise in the domestic market.
As demand rises along with global factors, the price may reach as high as $5,000 per ounce by 2026. According to a report by Bank of America, because of improved conditions, the average price for 2026 is estimated to be $4,538 an ounce, but it could go as high as $5,000.
The reason for the strength of gold globally is the possibility of interest rate cuts in the US in December. As per the information received, the price of gold in the international market is running around $4,160 per ounce. Its impact is also showing up in MCX. The price of gold for the December 5 contract jumped 0.87 percent to ₹124,935.
According to a BofA report, gold still has room for further upside, as rising institutional investment remains weak. If global factors remain unchanged, prices will rise even faster. These factors include rising government debt levels, higher inflation, falling interest rates, and the impact of unconventional US economic policies.
