11:24 - 30.09.2024

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September 30, Fineko/abc.az. It is recommended to sell gold relative to silver, ABC.AZ reports, referring to Bank of America strategists.

They believe that while the price-to-quality ratio of gold is 83.50, it is recommended to exchange it for silver. The targets for the position were set at 78.50 and 75.00, and the stop was set at 87.50.

The bank's experts note that gold has consistently reached the targets of $2,368, $2,538 and $2,643, and the next target is $2,643. But BofA strategists do not recommend resorting to precious metals at current levels, given the extreme position of speculators on growth.