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Bank of America and Goldman Sachs have raised their gold price targets, citing geopolitical tensions and strong central bank demand. BofA forecasts $4,000/oz in 12 months, while Goldman sees $3,700 by year-end. Escalating Middle East conflicts are fueling market uncertainty and driving gold higher.
- Bank of America forecasts gold at $4,000/oz in 12 months, Goldman Sachs sees $3,700 by end-2024.
- Middle East tensions, including Israeli strikes on Iran, are driving safe-haven demand for gold.
- Central bank purchases and geopolitical uncertainty are key factors supporting gold's 30% YTD rally.
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