(BofA) – Bank of America backs away from large 2021 gold name
(BA)NK of America has tempered its constructive 18-month outlook for gold launched in April that gave the dear steel runway to US$3000/ouncesamid pandemic-induced uncertainty. It says an uplift in USA inflation might additionally include increased long-term rates of interest subsequent 12 months, leading to a softer outlook for the haven steel.
