Bank of America: The upward trend of gold prices will continue, aiming for $4000 next year.

Supported by the continued weakness of the US dollar, the price of gold soared to a one-month high above $3,400 per ounce on Thursday. Analysts at Bank of America anticipate that the upward trend in gold prices will continue, maintaining their forecast that by the first half of 2026, the price of gold will reach $4,000 per ounce. The bank stated in a report released last week that falling interest rates and a weaker US dollar will support the rise in gold prices.