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Major analyst updates gold forecast as break below 4,000 sparks fears
Source: Buzz FX / 29 Oct 2025 08:36:39 America/Los_Angeles
- Gold surged to historic highs but recently fell below $4,000 per ounce.
- Bank of America updated its gold outlook following the drop.
- Gold prices have rallied on macroeconomic uncertainty, central bank buying, and portfolio underweight
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