US EditionGold prices should hit $4,000 as U.S. deficits may overshadow the Israel-Iran conflict, BofA says
- Gold prices are anticipated to rise, possibly reaching $4,000 due to the United States' military strikes on Iranian nuclear sites, as confirmed by U.S. President Donald Trump.
- Research strategist Ahmad Assiri noted that heightened geopolitical tensions are increasing bullish sentiment for gold.
- Gold is now viewed as a stable asset in investment portfolios, according to Llama Research's June report.
- The Central Banks of emerging markets are buying gold due to geopolitical risks and the weakening confidence in fiat currencies.
14 Articles
14 Articles
Gold Shows Structural Shift as Volatility Falls, Rate Sensitivity Weakens: Llama Research
Get latest articles and stories on Business at LatestLY. Volatility in gold prices has declined and its response to interest rate hikes has become increasingly asymmetric, signalling a deeper, structural shift in the metal's role in global portfolios, said Llama Research in its June edition. Business News | Gold Shows Structural Shift as Volatility Falls, Rate Sensitivity Weakens: Llama Research.
Gold prices should hit $4,000 as U.S. deficits may overshadow the Israel-Iran conflict, BofA says
Wars and geopolitical conflicts typically aren’t long-term growth drivers for gold prices, according to analysts at Bank of America, which sees the precious metal reaching $4,000 an ounce over the next year. Despite the Israel-Iran conflict heating up, the outlook for gold is likely to be swayed more by the U.S. budget deficit. Gold is often seen as a safe-haven asset during times of global turmoil, but wars and geopolitical conflicts typically …
Gold Set to Rally All Eyes on the Middle East - Action Forex
On Monday, gold traded at $3,360 per troy ounce as markets nervously monitor developments in the Middle East. Washington’s involvement in the conflict has heightened fears of potential retaliation from Tehran. Particularly concerning is the potential disruption of key Middle Eastern oil supply routes. Iran, one of the world’s largest oil producers and exporters, controls […] The post Gold Set to Rally All Eyes on the Middle East appeared first o…
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