Bank of America Forecasts Gold Reaching $3,000 in the Next 18 Months

Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from current levels, which in turn needs a Fed rate cut to happen,” Bank of America analysts […]

Jun 28, 2024 - 22:00
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Bank of America Forecasts Gold Reaching $3,000 in the Next 18 Months
Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from current levels, which in turn needs a Fed rate cut to happen,” Bank of America analysts […]

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