Market watchers told CNBC they see more upside ahead for the precious metal.
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Gold just won't stop going higher.
The precious metal could rise to a price between $8,000 and $8,500 an ounce, the bank said.
Futures tied to the precious metal hit a high of $4,530.80 per ounce on Tuesday — the first time it ever traded above $4,500.
There’s something highly unusual about gold’s recent breakneck performance.
Gold's bull run this year has trounced even the artificial intelligence trade that propelled stock to all-time highs. It's now…
Despite recent choppiness, several factors led the bank to lift its 2026 outlook.
