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Bank of America hikes gold forecast to $5K an ounce as investors flock to safe-haven asset
Bank of America on Monday hiked its price forecast for gold to $5,000 an ounce in 2026 as investors flock to the safe-haven asset. The bullish prediction follows a blowout year for the precious metal, which surged above $4,000 for the first time ever last week. Gold notched a new all-time high of $4,079.62 on Monday after President Trump threatened a “massive increase” of tariffs on China, accusing the nation of “becoming very hostile” in its rare earth restrictions. Fearful of heightened trade tensions, investors rushed to buy gold, which is seen as a hedge against inflation and uncertainty due to its ... (full story)
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