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Bank of America backs away from big 2021 gold call

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

The bank in April increased its 18-month outlook for gold by 50%, only to adjust it back to $2063/oz for 2021. BofA head of commodities and derivatives research, Francisco Blanch, said gold had been...

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