Published on 21 Mar 2024 on Benzinga
Gold Investors Should Own These ETFs, Says Bank Of America: Why Analysts Expect Gold Spike...
Gold prices are projected to rise to $2,500-$2,600 per ounce, representing an attractive portfolio hedge for equity investors, according to a Bank of America report published this week.
As the precious metal surged to fresh record highs following the Fed March meeting, investment and ETF strategist Jared Woodard from Bank of America identified two primary engines driving gold’s unprecedented rally: its hedging quality and central bank purchases.