Bank of America Sees Gold Prices Surpassing $6,000, Industry Hears “No Upper Limit” - NAI500

The piece highlights an extreme long-term bullish forecast (BofA cited with gold potentially >$6,000) and industry rhetoric of “no upper limit,” which can fuel sentiment but is not a near-term catalyst by itself. Desk takeaway: treat as positioning/psychology support—use to frame longer-dated upside structures rather than chase spot. If such targets gain traction, they can reinforce strategic allocation flows and central-bank/sovereign diversification narratives. Validate against real-rate/FX regime assumptions and actual flow data.