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Home/News Feed/Uranium prices rise as BofA cuts forecasts for most commodities but favors uranium for 2026 gains.
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Uranium prices rise as BofA cuts forecasts for most commodities but favors uranium for 2026 gains.

Market News
08 Jul 2026
Proactive Investors
View Source
Bullish
Uranium prices rise as BofA cuts forecasts for most commodities but favors uranium for 2026 gains.

Bank of America (BofA) has lowered price forecasts for 32 commodities and 31 companies in 2026, reflecting caution amid shifting Fed policies. However, uranium stands out as the top pick with a projected 23% price increase due to supply constraints and inventory restocking by utilities. Cameco Corporation remains BofA's favorite uranium stock, benefiting from price leverage and its stake in Westinghouse Electric. Meanwhile, gold forecasts were cut due to rate hikes, with platinum and silver offering better upside potential. Base metals like copper show mixed outlooks, with Freeport-McMoRan favored for growth, while aluminum faces downward revisions.

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