Wells Fargo sees gold hitting $8,000 by 2027 as the metal shifts from hedge to portfolio anchor
Wells Fargo has revised its long-term gold outlook, projecting the commodity could reach $8,000 per ounce by 2027 in an upside scenario. The bank's investment strategy team argues gold is transitioning from a crisis hedge to a structural portfolio anchor, driven by sticky inflation, de-dollarization, and surging central bank accumulation. The report triggered immediate volume spikes in gold ETFs and mining stocks and reignited debate over how far the current bull market has left to run.