Gold Entry Points ‘Are Coming,’ BofA’s Widmer Says
Gold “is overbought at the moment, but it is still underinvested,” according to Michael Widmer, head of metal research at Bank of America. “ETF inflows last month were up 880% year-over-year and that is ultimately a concern,” Widmer tells Bloomberg Television. “From a pure fundamental macro backdrop we’re still looking good,” he adds. “The entry points are coming.”
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