The Long Bond Yield Is Heading Below 4% And Gold To $6,000 By Next Spring, Predicts Bank Of America

Article Synopsis

Bank of America strategists led by Michael Hartnett recommend investors buy 30-year U.S. Treasurys and stay invested in gold, forecasting that yields will fall below 4% and gold could surge to $6,000 per ounce in 2026. They warn, however, that investors face a tough landscape with high government debt, expensive equities, and a crowded gold trade. Despite that, they see continued upside for gold and potential gains in international markets like Hong Kong’s Hang Seng Index as global conditions improve. The team also notes that widespread global rate cuts have fueled bullish equity sentiment, even as bond allocations remain near historic lows.

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