Bank of America strategist: gold is best hedge, flags excessive bullishness
BofA's Michael Hartnett recommends long gold as a hedge against dollar weakness and asset inflation. gold funds saw $6.3B in inflows last week, the largest since January 2026. The firm's Bull & Bear Indicator sits at 9.3, signaling excessively bullish positioning, while tech funds saw outflows.
News sentiment50 · Neutral
Market impact40/100
Event statedeveloping
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