Warning to Gold Investors from Bank of America: Be Careful!

Bank of America's Cautious Warning

Bank of America has called on investors to be cautious as gold prices approach $4,000 per ounce. Rising gold prices are supported by global economic uncertainties and the buying strategies of central banks.

Rise in Gold Prices

Recently, gold prices have increased by 50% alongside the tariffs imposed in the United States and threats to the independence of the FED.

Signs of Correction in the Rising Trend

In a note sent to clients on Monday, Bank of America indicated that gold prices are showing signs of fatigue in the rising trend. This situation could lead to a correction or consolidation period in the fourth quarter.