Branch² Intelligence
BofA sees lost year taking shape for gold
Key takeaway
BofA forecasts a challenging year for gold, citing higher-for-longer US rates and a strong dollar.
- Step 1BofA's bearish gold forecast reinforces market expectations of higher-for-longer US rates.
- Step 2Gold prices decline as speculative longs unwind and the dollar strengthens.
- Step 3US SMEs using gold as an input (jewelry, electronics) see lower raw material costs, but higher financing costs offset benefits.
Source: Yahoo Finance
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