Bank of America Strategist Forecasts $2,500 Gold Price by 2023

According to a commodity strategist at Bank of America (BOFA), it is conceivable that gold may attain a value of $2,500 per ounce in 2023 if the current market trends persist. At present, gold is trading at $1,983 per unit, and narrowly misses the $2,000 mark. Nevertheless, the estimated $2,500 price point implies a noteworthy increase of over 26% against the U.S. dollar.