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Gold is experiencing a significant rally, with Bank of America projecting prices could reach $3,500 due to increased central bank buying and demand for safe-haven assets amid geopolitical uncertainties. The first quarter saw a 19% gain, the largest since 1986, driven by investor accumulation and a weakening US dollar. Central banks now hold about 10% of their reserves in gold, a figure expected to rise, while the overall commodity market has also seen substantial growth.
Francesco Blanchini
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bank of america predicts gold could reach 3500 amid rising demand
15:35 01.04.2025
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