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Banks raising their Gold price projections
I would like to say that it is almost amusing that a few weeks ago, there was no word on Gold, maybe a whisper, and now the whole world is speaking openly! Last week, we saw a number of huge banks talking about recession odds—over 60%! And now, we have the same huge Banks raising their Gold price projections! Connect the dots.
Some of the world’s biggest banks are no longer just whispering about recession… they’re practically yelling it. And if you’ve followed my writing for any time, you’ll know I’ve been warning about this for a while now, long before the headlines started playing catch-up.
Let’s break it down.
JPMorgan has now put the odds of a global recession this year at over 60%.
Bank of America? Warning of a “hard landing”.
https://newsweek.com/second-major-bank-sounds-us-recession-alarm-bells-2056292…
Deutsche Bank? One of the first to flag a full-blown recession was on the cards.
Nomura, UBS, Citi—they’re all singing the same tune.
Even the Bank of England has warned banks they aren’t ready for what’s coming.
The Bank of England is expressing concerns about banks
The Bank of England is expressing concerns about banks’ preparedness for potential future economic challenges, highlighting a need for enhanced resilience. While the Bank of England is currently projecting a gradual decline in interest rates, it has also acknowledged that the current economic climate is marked by uncertainty and potential risks. This uncertainty stems from factors like US trade tariffs and global economic conditions, leading to a more “bumpy” path for inflation than initially anticipated.
What does that tell you?
The people running the show know what’s on the horizon, and the story gets even more interesting when you look at what these same banks are forecasting for gold.
Gold Forecasts Keep Going Up
Gold Forecasts Keep Going Up… Quietly
Let’s look at the latest public gold price targets from the big players:
Goldman Sachs: Predicting gold to hit $3,700
https://finance.yahoo.com/news/golds-epic-2025-not-over-185452760.html…
UBS: Forecast raised to $3,500
Bank of America: Targeting $3,063, with upside potential to $3,500
https://bloomberg.com/news/videos/2025-04-01/gold-could-reach-3-500-says-bank-of-america-video…
Citi: Raising their forecast to $3,000
Deutsche Bank: Upped their gold outlook too
So, while they’re telling the world to prepare for a recession, they’re quietly stacking up on gold, adjusting their price targets, and hedging behind the scenes.
It makes you wonder why some of the world’s biggest financial institutions are moving so aggressively in one direction.
Because they know what’s coming.
This isn’t just another market dip or some volatility on the charts. This is what I call a capital rotation event, when belief in the fiat system begins to fade, and the smart money moves to real value.
And that’s exactly what we’re seeing now.
As time ticks by, gold keeps on climbing.
It’s up over 20% in USD this year alone and even higher in pounds and euros. If this were an ISA that returned 15% in four months, you’d snap it up without blinking. So, why not gold?
Listen, I’m not Mystic Meg, but I’ve been warning you about this for what feels like forever. This article? Just another dot to join.
If you haven’t moved, ask yourself: What’s stopping you?
Because when these banks start closing their doors, it’ll be too late to act.
Let’s make a move before the herd wakes up.
Do your own research.
Drop me a line: kane@solomon-global.com please reference Gold and Silver UK.
This article, ” In the Know with Kane,” is for informational purposes only and does not constitute financial advice. Investing in precious metals involves risks, and past performance does not guarantee future results.
Kane is a guest blogger for Gold and Silver UK.