💨 Abstract
According to BofA Global Research, gold prices could potentially reach USD 3,500 per ounce in the next 18 months if non-commercial purchases increase by 10%. Factors driving this demand include China's insurance industry, central banks increasing gold holdings, retail investors, and U.S. trade policy uncertainties. If investment demand continues to rise, gold prices could remain strong in the coming months.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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