BANK OF AMERICA: Gold Still Has Upside, Despite New Record High Gold prices have surged to record highs and Bank of America (BofA) Securities forecasts even further growth ahead. On Thursday, spot gold reached a new peak of $2,222.14 per ounce, while gold futures neared a record $2,224.80. This rally was fueled by the Federal Reserve’s hints at possible rate cuts within the year, which weakened the U.S. dollar and, in turn, elevated gold’s appeal. Over the past two years, rising interest rates had negatively impacted gold, but BofA now highlights gold as a prime investment for 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Pulling Gold out of E-Waste Suddenly Becomes Super-Profitable READ MORE Russia Leads BRICS in Doubling Down on Gold to Dethrone the Dollar READ MORE China's Gold Market: Investment Up, Jewelry Down in Second Quarter READ MORE Cash-Strapped Pakistan to Introduce New Series of Currency Notes READ MORE ZeroHedge: There's An Odd Chill In The Air – Dallas Fed Respondents Warn Of "Pending Doom" READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment