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Bank of America Corp. raised its 18-month gold-price

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2oldforthis   Wednesday, 04/29/20 04:10:20 PM
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Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce — more than 50% above the existing price record,” Bloomberg says.
This according to a rather snarkily titled BOA report: The Fed Can’t Print Gold. (The 5 approves this message… heh.)
“The bank increased its target from $2,000 previously,” Bloomberg says, “as policymakers across the globe unleash vast amounts of fiscal and monetary stimulus to help shore up economies hurt by the coronavirus.”
The report says: “As economic output contracts sharply, fiscal outlays surge and central bank balance sheets double, fiat currencies could come under pressure…
“Investors will aim for gold.”

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