Bank of America Warns Gold is Final Safe Haven As US National Debt Rises
In a recent note, Bank of America warned that gold is the final safe haven in the United States amid risks related to rising national debt. Indeed, they argued that the metal has become more attractive than US Treasury bonds due to the risks of an impending debt crisis. The bank noted that the US national debt is predicted to continue reaching record levels over the next three years. Therefore, economic pressure on the country has shifted how gold reacts to macroeconomic developments such as lowered interest rates. Ultimately, the dynamic makes gold “an attractive asset,” the bank says, as it predicted it to eventually reach $3,000. JUST IN: Bank of America warns that gold may be the final safe haven as US Treasuries face risks from rising national debt. — Watcher.Guru (@WatcherGuru) October 17, 2024 Also Read: Americans Are Massively Buying Gold Bars at Costco Bank of America Says Gold Could be Only Safe Haven Amid Impending US Debt Crisis Throughout 2024, gold has been a premiere as