Gold at $3000. Myth or reality?

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26.06.2024 01:08 PM

Bank of America predicts gold prices to rise to $3000 per ounce over the next 12-18 months, while the precious metal retreats against the backdrop of remarks by FOMC official Michelle Bowman about the prospects of raising the federal funds rate. If the disinflationary process slows down or inflation starts to paint a new peak. Just holding borrowing costs at a plateau of 5.5% suffocates the oxygen for "bulls" on XAU/USD, and now there's talk of tightening monetary policy. It's

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