Bank of America: Gold Needs Dovish Fed or Debasement Worries to Reverse Downtrend

Bank of America analysts stay cautious on gold despite resilient ETF demand, pointing to weak physical buying in major markets. They project an average of $4,000 per ounce in Q4 2026, rising to $4,813 in 2027, with a possible low of $3,750 amid inflation concerns. Spot gold currently trades at $4,168.90, down 0.59%.