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Bank of America: The escalation of the Middle East situation will not continue to drive up gold prices.
Gate News bot message, Bank of America’s latest research report points out that while the war between Israel and Iran is always escalating, the conflict usually does not continue to drive gold prices up. Therefore, the trajectory of U.S. budget negotiations will be crucial; if the budget deficit does not decrease, its consequences along with market Fluctuation may ultimately attract more buyers.