Bank of America bullish on two major precious metals: expecting gold to reach $4000 and silver to reach $40 by the end of the year.

According to the Securities Times app, Bank of America predicts that by the end of this year or early 2026, the price of gold will reach $4,000 per ounce, and the price of silver will reach $40 per ounce. In October of last year, the bank predicted that the price of gold would reach $3,000, which has already been surpassed. Bank of America analysts stated that trade-induced geopolitical uncertainties will continue to support metal prices, and concerns about the worsening financial condition of the US government could further drive metal prices up.