Fed rate cuts and friction in the bond market could drive gold prices to $3,000 in the next 12 to 18 months - Bank of America

The gold market may be treading water now, but it is expected to ride a wave significantly higher as the Fed cuts interest rates later this year and rising debt further fuels economic uncertainty, according to Bank of America. Michael Widmer, commodity strategist at the bank, said that he sees the potential for gold prices to hit $3,000...