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- ๐ Gate.io #Launchpad# Initial Offering: #PFVS#
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BofA: Gold prices could easily trade above 3000, but will not exceed 3500 at the moment.
On May 8, Jin10 reported that after the Federal Reserve warned of uncertainties in the economy due to tariffs, gold prices in Asia rose during the early trading session. Precious metals tend to perform well during times of economic uncertainty. However, expectations for U.S. trade talks may limit price pumps. According to a report from Bank of America Global Research's global commodities research team, based on Bank of America Global Research's supply-demand model, gold prices could easily trade above $3000 per ounce, but they are not expected to exceed $3500 per ounce at present, especially in the case of a resolution to trade disputes.