As gold prices continue to rise, Bank of America analysts propose that it might become a safer investment option than Treasury bonds. This shift is attributed to increasing U.S. debt levels, potential post-election spending increases, and global economic challenges. While Treasury bonds have long been considered a safe haven, growing concerns about government borrowing could lead investors to view gold as the ultimate safe asset, potentially driving its price to $3,000 per ounce.
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Debt Concerns Fuel Gold's Rise as Treasury Bond Alternative
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