Gold’s breakout moment might finally be here—and Wall Street’s paying attention.

Last time, we unpacked how a flood of silver demand is rattling global markets. But today, gold is stealing the spotlight, thanks to a bombshell prediction from one of the biggest names in finance. Bank of America just raised its 2026 price forecast for gold to a jaw-dropping $5,000 per ounce. That’s not a typo—it’s a warning. And it’s one they say is backed by serious global trends.

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In 1934, the U.S. government raised the official price of gold from $20.67 to $35 per ounce—boosting the value of its own reserves overnight by 69%.