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BofAS Remains Positive on Gold
Despite recent gyrations, gold prices have already vaulted past BofA Securities' full-year target, said Matty Zhao, Co-head of China Equity Research and Head of APAC Basic Mate...
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BofAS Remains Positive on Gold
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Despite recent gyrations, gold prices have already vaulted past BofA Securities' full-year target, said Matty Zhao, Co-head of China Equity Research and Head of APAC Basic Materials, Oil & Gas and ESG Research at BofA Securities.

The broker maintains a positive outlook on gold, given the relatively weak USD and low bond yields. Typically, gold prices move inversely with the USD and bond yields. While global ETFs continue to buy gold as part of their investment diversification, central banks around the world are also adding gold to their reserves.

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