EVENTS

BofA's gold price forecast yo-yos as inflation looms

Bank of America Corp has shaved nearly US$1,000/oz off its gold price forecast for 2021, pointing to an inflation-led increase in long-term interest rates as a potentially bearish driver.

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

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

BofA's latest forecast of US$2,063/oz, issued Tuesday, comes seven months after the bank jacked up its 2021 price outlook by 50% to $3,000/oz at the height of pandemic-related uncertainty. BofA's head...

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