Bank of America analysts remain cautious on gold prices despite steady ETF investment demand, expecting prices to stay below $4,000 an ounce in the near term due to weak physical demand and challenging macroeconomic conditions. They forecast a drop to $3,750 an ounce in Q4 2026, driven by inflation fears from high energy prices, and see potential selling pressure if ETF investors liquidate positions. Central bank buying, especially from China and India, has slowed, and geopolitical risks like the Middle East conflict could prompt central banks to sell gold, adding to downward pressure. The analysts suggest gold prices will only bottom and rebound once inflation concerns ease, the U.S. dollar stabilizes, and the Federal Reserve ends its tightening cycle, with a dovish Fed or renewed fears of currency debasement potentially boosting gold in the longer term.
Gold price trends are noted amid a market where 71 of 150 US stocks traded on Pluang rose and 79 fell today. Among notable movers as of Oct 12, 2026 22:21 WIB, Meta Platforms Inc (META) increased by 4.42% to USD 750.43, Virgin Galactic Holdings, Inc. (SPCE) declined by 4.93% to USD 2.70, and BlackBerry Limited (BB) dropped 4.32% to USD 8.53. This snapshot provides context for readers following gold price developments.
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