Bank of America backs away from big 2021 gold call

BANK of America has tempered its 18-month outlook for gold, that gave the precious metal runway to US$3000/oz amid pandemic-induced uncertainty. It says an uplift in US inflation could also come with higher long-term interest rates next year, resulting in a softer outlook for the haven metal.

Bank of America backs away from big 2021 gold call Bank of America backs away from big 2021 gold call Bank of America backs away from big 2021 gold call Bank of America backs away from big 2021 gold call Bank of America backs away from big 2021 gold call

Bank of America sees softer fundamentals for gold in 2021 on the back of global economic recovery