Banks in United States claim that the price of gold may reach $6,000 per ounce.
Gold could have room to climb to a record high above $6,000 per ounce. Bank of America Global Research said that uncertainty over changes in the Federal Reserve leadership could stimulate more funds flowing into gold. The company expects gold to reach the $6,000 per ounce mark within the next 12 months. As for silver, these analysts are slightly more conservative. They stated in the report, "The situation with silver is a bit tricky, and we are concerned that the price of silver may fall further in the short term," but they remain open to the possibility of silver prices returning above $100 per ounce. The most active gold futures rose by 0.6% to $5,208 per ounce, while silver rose by 3.6% to $91.31 per ounce.
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