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BofA's gold price forecast yo-yos as inflation looms

BofA taps the energy sector to outperform in 2021 with most industrial metals on the front foot

Henry Lazenby
Bank of America sees softer fundamentals for gold in 2021 on the back of global economic recovery

Bank of America sees softer fundamentals for gold in 2021 on the back of global economic recovery

BofA's latest forecast of US$2,063/oz, issued Tuesday, comes seven months after the bank jacked up its 2021 price outlook by 50% to $3,000/oz at the height of pandemic-related uncertainty. BofA's head...

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