Wall Street keeps upping its bullish calls on gold

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Wall Street continues to push its already all-down bells on gold, as precious metal rises to new heights.

Gold (:Gc = fFutures referred to the 17th record of their year on Thursday, passing the north after $ 3,070 President Trump Auto Tariff Statement slipped further fears about a trading war. A low step in US dollars (DX-Y.nyb) The index also managed to raise prices higher.

Comex – Delayed quote USD

Am EDT 1. As of 00. Market open.

Earlier this week, analysts at the Bank of America raised their prices to $ 3,500 per ounce in the previous 18 months, $ 3,000. The new target is based on the assumption that investments increase by 10%, more than the continued purchases of ETFs in China and Central Banks.

“Uncertainty over the trade policy of Trump’s administration can continue to push the low level of the US dollar, further supporting gold prices for a period.

“Mostly the confusion of the leading factors leading to the investors of the Economic Policy of the Trump’s Administration has prompted investors to raise yellow metal,” Analysts wrote.

BOFA’s call follows a similar forecast from Macquarie Group, which recently predicted The precious metal will affect $ 3,500 in the third quarter of this year.

More than 15% of precious metal rally even offered JPMorgan analysts to question if the price of $ 4,000 is an opportunity.

The company researchers reported that the transfer of goods worth $ 2,500 to $ 3,000 occurred in only 210 days, significantly faster than the previous $ 500 surcharges, which average made more than 1700 days.

JPMorgan analysts inquired from customers on Wednesday.

Analysts say that Russia’s foreign assets after the Ukraine war “has caused a structural change in the demand for gold.” Require precious metal last year reached a high level of all time Because the Central Bank’s purchases are accelerated.

“By 2025, gold remained our best infectious choice in a row,” said analysts.