Bank of America resets new gold forecast

Bank of America has set a striking new price target for gold along with a deadline. The call comes as uncertainty surrounding Federal Reserve leadership and broader monetary policy builds. Just last month, U.S. President Donald Trump chose Kevin Warsh as the new Federal Reserve chair to replace Jerome Powell. His appointment led to a sharp sell-off in gold. Related: Fed's Powell Sees Bitcoin as Gold Substitute Is Kevin Warsh bad for gold? Warsh has been considered generally hawkish on policy. He was a ...