Gold prices could reach $3,500 per ounce within two years, according to Bank of America, driven by demand from central banks and China’s insurance industry. The precious metal has already gained 14% this year, breaking the $3,000 per ounce mark for the first time. This surge is attributed to geopolitical tensions and President Trump’s trade war, pushing investors towards safe-haven assets. Gold has seen a 6% increase this month alone and is currently trading at $3,024.8 per ounce
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