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News 2026-10-12 14:59 UTC

Bank of America sees gold averaging $4,000/oz in fourth quarter

Oct 12 (Reuters) — Bank of America said on Monday it expects gold prices to average $4,000 an ounce in the fourth quarter and $4,813 an ounce in 2027, adding near-term headwinds will persist until risks from rising oil prices linked to the Iran war ease. The bank said gold has been under pressure in recent weeks despit

News 2026-10-12 14:51 UTC

Bank of America Sees Gold Averaging $4,000/Oz in Q4

Bank of America expects gold to average $4,000 an ounce in the fourth quarter and $4,813 an ounce in 2027. It said near-term headwinds will persist until risks from rising oil prices linked to the Iran war ease.