{"id":140029,"date":"2024-10-18T14:00:23","date_gmt":"2024-10-18T11:00:23","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140029"},"modified":"2024-10-18T02:48:44","modified_gmt":"2024-10-17T23:48:44","slug":"bank-of-america-sees-gold-as-top-safe-haven-amid-fiscal-uncertainty","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bank-of-america-sees-gold-as-top-safe-haven-amid-fiscal-uncertainty\/","title":{"rendered":"Bank of America Sees Gold as Top Safe Haven Amid Fiscal Uncertainty"},"content":{"rendered":"

The bank believes<\/a><\/strong> that gold\u2019s appeal has strengthened amid fiscal challenges and persistent inflation concerns, making it resilient even if interest rates climb, which typically suppresses the metal\u2019s value. This marks a shift in how gold interacts with economic conditions.<\/p>\n

Though not explicitly referencing cryptocurrencies, Bank of America\u2019s actions suggest a cautious engagement with digital assets. Since February, its wealth management branches have offered Bitcoin ETFs to certain clients, highlighting a growing interest in crypto despite the bank\u2019s historically careful approach. Meanwhile, its involvement in blockchain-related projects continues to expand.<\/p>\n

With U.S. debt levels surging and inflation proving stubborn, gold\u2019s status as a hedge against economic instability is solidifying. The bank projects the metal could reach $3,000 per ounce, driven by anticipated government spending hikes, particularly in defense and climate sectors. Even as short-term fluctuations may challenge gold\u2019s rise, analysts expect it to hold firm around the $2,000 mark.<\/p>\n