The gold price has truly been a breakout asset of 2025. However, with the recent positive economic development with positive trade talks between China and the US, gold has taken a brief halt, with the US dollar gaining mild momentum in the process. This development has led the gold to tumble below $4000 recently, compelling the Bank of America to readjust its gold price outlook for 2025 and 2026.

Also Read: LBMA Survey Forecasts $5,000 Gold Price in 12 Months

BoFA Gold Price Outlook for 2025

The gold price rally has taken a brief halt, as the US economic events paved a new way for the dollar to gain some strength. The positive US trade talks with China proved to be the ultimate trigger, compelling investors to change sides, bolstering the dollar mildly in the process. This event changed the course for gold, compelling the asset to explore new targets below the ambitious $4K mark.

Bank of America has now readjusted its outlook for gold, adding how the asset may reach an average high of $3800 by Q4, 2025. However, for 2026, the bank shared that macro bullish patterns may continue to shape the gold price path, which may help the asset hit $5000 in 2026.

“The bank forecasts an average price of $3,800 per ounce in the fourth quarter of 2025, followed by “a push higher to $5,000 per ounce next year.” As reported by Investing dot com

Analyst Predicts Bold Targets for Gold

According to Rahsad Hajiyev, a notable financial expert, the current sell-off was essential for gold to carve its next price path. Hajiyev has predicted a rather bold price target for the asset, adding that the gold is easily looking forward to reach $6k in the long run.

“Gold might look scary now, but the present sell-off is needed to ignite another major leg up. Maximum pain is caused by triggering as many stop losses and margin calls as possible before it reverses. Gold gained 32%, or $1,075, from August 17 to October 17, 2025. The next leg up could take gold to $5.5 – 6k. This post is not investment advice.”

Also Read: The Gold Price Rush Isn’t Over: Morgan Stanley Extends Bull Run Forecast