Analysts of some banks raised their forecast against the backdrop of a deteriorating situation in the global economy. For example, Bank of America raised its forecast to even $ 2,300 an ounce.

The yellow precious metal continues to trade at $ 1,500 an ounce. The next price rally will come soon. This morning, gold on the spot market was trading at $ 1,515 per ounce, corresponding to 1,364 euros. Now the price of precious metal in the European currency is only 1% of the growth of the historically record level that was reached in October 2012. Now banks are intermittently publishing their updated forecasts for gold after the recent price rally and amid falling interest rates. Naturally, all forecasts from banks look optimistic.