Gold Could Reach $3,000 By 2025, Bank Of America Analyst Says: 'Ultimate Perceived Safe Haven'
Portfolio Pulse from Piero Cingari
Bank of America predicts gold could reach $3,000 per ounce by 2025 due to macroeconomic uncertainties, rising debt levels, and central bank buying. The SPDR Gold Trust (GLD) has seen rising prices amid these trends.
October 17, 2024 | 7:29 pm
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The SPDR Gold Trust (GLD) has been experiencing rising prices as gold is seen as a safe haven amid macroeconomic uncertainties and fiscal policy concerns.
The article highlights the rising trend in gold prices, which directly impacts GLD as it tracks gold prices. The bullish outlook from Bank of America and macroeconomic factors like inflation expectations and fiscal policies support this trend.
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