Bank of America China CEO Wang Wei: The U.S. economy faces mild stagflation pressure, and gold prices may hit $4,000 in the first half of next year
Wang Wei, the CEO of Bank of America for China and head of the Greater China Fixed Income, Currency and Commodity Sales Division, stated in an exclusive interview that the Federal Reserve may cut interest rates by 25 basis points in September and December. At the same time, she expects that the recently strong-performing gold could reach $4,000 per ounce by the end of the first half of 2026 and advises investors to pay attention to opportunities in bonds
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