Bank of America Predicts $5,000 Gold in a Year

Bank of America expects the gold price to reach $5,000 an ounce within 12 months, with a potential dip to $3,700 as a buying opportunity. At the same time, the Strait of Hormuz crisis and the Russian oil ban threaten to push crude prices above $100, increasing the likelihood of higher energy prices and potential impacts on the global market.

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