PRECIOUS METALS | Wells Fargo Raises Gold Target to $5,300–$5,500 by Year-End

Wells Fargo raised its year-end gold price target to $5,300 to $5,500 and projected gold could reach $5,800 to $6,000 by the end of 2027. According to Jin10, the bank said in its mid-year outlook that it remains firmly bullish on gold and believes the bull market is not over. Wells Fargo also described gold as one of its “highest-conviction” investment themes.