BMO Equity Research Projects Gold Prices to Hit $6,500 by 2026

BMO Equity Research has significantly revised its long-term outlook for gold, projecting prices could reach $6,500 per ounce by 2026. Helen Amos, Managing Director at the firm, noted that heightened geopolitical tensions in January have shifted the market from a conservative base case to a distinctly bullish trajectory. This aggressive forecast reflects sustained investor interest in the metals and mining sector despite ongoing price volatility. While the outlook for gold is exceptionally positive, BMO issued a more cautious stance on silver. The bank warned that the unwinding of speculative trading, which previously fueled silver's gains, could lead to increased market risks. Overall, the report underscores a strategic pivot toward gold as a primary safe-haven asset amid global uncertainty.