WELLS FARGO'S $6,300 GOLD CALL - THE BULL RUN ACCELERATES -MAJOR BANKS TARGET $6,000+
Gold just broke back above the psychologically huge $ 5,000 level and momentum is building fast. Wells Fargo delivered one of the most aggressive upgrades Wall Street has seen, while China keeps stacking bars every month. Here is exactly why gold is ripping higher right now and where the biggest forecasts point next.
BUY GOLD
THE $ 5,000 BREAKOUT IS OFFICIAL
➡️ Gold jumped more than 1.3 percent to around $ 5,033 on February 9, 2026.
➡️ It reclaimed the critical $5,000 mark after a painful recent dip.
➡️ The move shows buyers remain extremely strong whenever prices pull back.
WELLS FARGO GOES ULTRA-BULLISH
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➡️ The bank raised its year-end 2026 target to $ 6,100–$ 6,300.
➡️ That is a massive 35–40 percent jump from the earlier $4,500–$4,700 view.
➡️ From today’s price near $5,033 this means another 21–25 percent potential upside still ahead.
THE TWO BIG DRIVERS RIGHT NOW
➡️ Lower short-term interest rates make gold far more attractive compared to cash.
➡️ Central banks, especially in Asia, continue heavy buying to protect reserves.
➡️ Wells Fargo explained: "Such conditions should encourage further central-bank buying."
CHINA’S UNSTOPPABLE ACCUMULATION
➡️ The People’s Bank of China added gold for the 15th month in a row.
➡️ Holdings now stand at 74.19 million ounces, worth roughly $369.58 billion.
➡️ This steady official demand creates a powerful and reliable price floor.
WALL STREET IS LINING UP BEHIND $6,000+
➡️ JPMorgan targets $6,300 by the end of 2026.
➡️ UBS sees $6,200 and Deutsche Bank is calling for $6,000.
➡️ The cluster of high targets from top banks signals very strong conviction in the ongoing bull market.
THE BOTTOM LINE
Gold is surging on relentless central-bank demand, falling rate expectations, and fresh ultra-bullish calls from major institutions—setting the stage for a powerful move toward $6,300 and potentially much higher in 2026.
The gold supercycle is not slowing down—it is just getting started. 🚀
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