Saturday, August 8, 2020

US bank Bofa names new price target for gold

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Frankfurt The commodities experts at the US bank Bank of America (Bofa) are making a spectacular gold price forecast: within the next 18 months, the price of the precious metal could rise to over $ 3,000 per troy ounce (31 grams), they write in a recently published study. At the current gold price of $ 1,700 an ounce, this would correspond to a price increase of around 75 percent over the next year and a half.

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