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BoA Maintains Forecast of Gold Prices Peaking at US$3,000 in 2025
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Bank of America (BoA) reiterated its forecast that gold prices could peak at US$3,000 in 2025. The BoA has been bullish on gold since the end of 2023. Spot gold last printed at US$2,491.92 per ounce, while gold futures for December delivery last printed at US$2,523.4. The BoA believed that the gold price will likely reach US$3,000 per ounce in the next 12-18 months, but only if the US Fed cuts interest rates to spur a rebound in non-commercial demand. AAStocks Financial News |
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