Spot gold prices have broken through the 3700 mark, with major investment banks collectively bullish on gold.

1. Credit Agricole: Gold is expected to reach $4000 per ounce within 3-6 months. 2. Bank of America: Maintains target of gold reaching $4000 in 2026. 3. DWS Asset Management: There is a high possibility of gold rising by another $500 in the next 6-12 months. 4. Goldman Sachs: If the Fed's credibility is damaged, the price of gold could rise to nearly $5000 per ounce. 5. Lombard Odier: Gold continues to be supported by multiple factors, raising the 12-month target price to $3900 per ounce. 6. Morgan Stanley: Expects gold to have about 5% upside potential by 2025, with the year-end price potentially hitting a peak of $3800 per ounce. 7. ANZ Bank: Raised the year-end gold target price from $3600 per ounce to $3800 per ounce for 2025, expecting gold to reach nearly $4000 per ounce by June 2026. 8. Swiss Bank: Raised the target price for gold at the end of 2025 to $3800 per ounce, and expects it to reach $3900 per ounce by mid-2026.