You've heard that gold is hitting record highs. Not quite, Bank of America's Commodities team says.
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"Gold is a store of value that doesn’t rely on institutional trust,” Samantha Dart says.
The Wall Street investment bank said it remains bullish on gold, "with a short-/medium-term target of US$4,000/oz."
Investors are both bullish on equities as well as being afraid that there are major downside risks, Deutsche’s Henry Allen says.
JPMorgan has found evidence that the market is already worried about central bank independence, with gold futures showing signs…
The price of gold hit a new all-time high Wednesday morning as the precious metal surged more than 20% this year.
"We're in the 4th debasement cycle that started in 2022," wrote Wells Fargo Securities' Ohsung Kwon.
