Bank of America "Buy Gold Like Central Banks" Gold is experiencing a remarkable rally, outperforming even tech stocks with a 20% year-to-date gain. Bank of America strategist Michael Hartnett advises investors to continue buying gold, despite its record-high prices. He believes potential Federal Reserve rate cuts could reignite inflation, historically benefiting real assets like gold. Interestingly, the rally is driven by unprecedented central bank buying, particularly from China, rather than investor inflows. Gold has become the second-largest reserve asset globally, offering low correlation to stocks and making it an attractive investment option in the current economic climate. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Retreats Off Record Highs After Higher than Expected Inflation Data READ MORE U.S. Job Growth Surpasses Expectations with 272,000 New Jobs in May READ MORE Bitcoin Rallies on Cooling Inflation, Eyes New Highs READ MORE December Consumer Prices Rise Unexpectedly, Surpassing Forecasts READ MORE Precious Metal Continue Climbing on Expectations of Rate Reduction READ MORE Add a Comment Cancel replyYour email address will not be published.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