10 Firms End Friday Strong; 3 Reach All-Time Highs

4. Gold Fields Ltd. (NYSE:GFI)

Gold Fields rose for a second day on Friday to touch a new all-time high following Bank of America’s bullish outlook on gold prices.

In its market note on Wednesday, Bank of America raised its average gold prices forecast for this year and in 2026 to $3,063 per ounce this year and to $3,350 per ounce next year. The new figures marked a significant increase from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.

The bullish outlook spilled over to gold prices, including Gold Fields, propelling the company’s all-time high performance before a slight selling pulled the company lower.

Headquartered in Johannesburg, South Africa, GFI is one of the largest gold mining companies globally. In recent news, it was rejected by Australia’s Gold Road Resources for its proposed $2.1 billion takeover bid. In response, Gold Road put forward a counter-proposal to acquire GFI’s stake in the Gruyere mine at the same implied valuation as the rejected offer.