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

Key Facts

1A court blocked Trump's tariff push, contributing to the rise in gold prices.

2Two major banks raised their gold price targets, with one projection reaching as high as $8,000 per ounce.

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.