Bank of America: Gold 'Could' Hit $3,000 On Fed Rate Cuts?

July 8, 2024

Bank of America has a new report out suggesting that gold could move towards the $3,000 per ounce price on Fed rate cuts.

Although as Vince Lanci talks about in today's show, there are a few things that they left out of their headline. So he takes a look through the report, shares the key takeaways you can pull out from it, and also covers the daily precious metals news.

To stay up to date ahead of the weekend, click to watch the video now!

Arcadia Economics

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In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce
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