Major Banks Raise Gold Price Targets to $8,000 Amid Tariff Policy Setbacks

Major financial institutions have significantly upgraded their long-term price targets for gold, with some forecasts reaching a staggering $8,000 per ounce. This bullish outlook follows a recent court ruling that blocked the Trump administration's efforts to implement new trade tariffs. The legal setback for tariff policies has reduced immediate trade uncertainty while bolstering gold's appeal as a primary safe-haven asset. Analysts at major banks suggest that the combination of geopolitical shifts and institutional demand is driving this aggressive upward revision. Investors are increasingly looking at gold (XAU/USD) as a hedge against potential policy volatility and long-term economic shifts. The market sentiment remains strongly positive as these high-profile projections provide a new psychological floor for the precious metal.