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 Global Gold Demand Hits Eight-Year High in Q1, Fueled by Investment and Central Banks READ MORE JPMorgan Cautions Investors: Stock Market Troubles Not Over Yet READ MORE Gold's Unprecedented Surge: Beyond Geopolitical Turmoil READ MORE Why You Should Pay Off Your Credit Card ASAP READ MORE Investors Flock to Gold During Commodity Boom READ MORE Add a Comment Cancel replyYour email address will not be published.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