Bad vibes good for gold as banks scramble to keep up with the flying metal

Historic rally continues. US banks in danger as gold market becomes increasingly difficult to manipulate.

Bad vibes good for gold as banks scramble to keep up with the flying metal

RBC says “bad vibes” around the performance of the global economy is powering gold higher Canadian investment bank now sees gold averaging US$3039/oz in 2025 and US$3195/oz in 2026 Gold continues to push higher, hitting US$3125/oz last week   “Bad vibes” around the global economy has seen banks previously sceptical of the gold boom chase its price higher, lifting forecasts to levels that could only have occupied a miner’s dreams just months ago.…

Bank revises average gold price as metal surges on and on

GOLD is forecast to trade at $3,500 per ounce in the next two years and will achieve higher average prices this year, according to price revision by Bank of America. The bank said gold would average at $3,063/oz and $3,350/oz in nominal terms in 2025 and 2026 respectively, from $2,750/oz and $2,625/oz previously. Its forecast was based on gold investment increasing 10% largely driven by China. Continued central bank purchases and retail sector i…