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Bank of America has reiterated its forecast for gold to hit $3,000 an ounce by the end of next year. This bullish view is supported by investors increasingly turning to gold after the Federal Reserve began its easing cycle. Interestingly, central banks around the world have already increased the share of gold in their reserves from 3% to 10% over the past decade. This demonstrates the growing recognition of gold as a strategic asset in the face of global economic uncertainty.
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