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Collectibles Top Online Investment Searches by U.S. Big-city Dwellers; Gold Fever Simmers
Citi and Bank of America Merrill Lynch are both bullish: gold prices are expected to rise to $3000 in the next year.
Strong physical demand, central bank purchases, as well as macro factors such as concerns about US bonds and the Fed's interest rate cuts, will support the rise in gold prices.
Gold Prices Set To Climb To $3,000 On Fed Rate Cuts, Geopolitical Tensions, Bank of America Says
Gold prices could skyrocket to $3,000 per ounce within the next 12 to 18 months, according to Bank of America's latest analysis.
Gold Price Stands Tall Near Two-week High Amid Rising Fed Rate Cut Bets
Gold price consolidates the previous day’s strong move up to a two-week high.
Goldman Sachs: Buy some gold after US election.
Goldman Sachs pointed out that holding long positions in gold has significant value and can hedge against inflation and geopolitical risks that may arise from post-election tariffs, subordinate risks from the Federal Reserve, and rising US debt.
Gold Price Stays Firm as Fed Holds Rates and Tilts Hawkish
Gold trades at $2,318, up 0.13%, supported by lower-than-expected US inflation and falling Treasury yields. as Fed holds rates steady.
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