Bank of America CorpBAC
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BofA strategist's note highlights gold as preferred hedge, reflecting firm's market view.
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Bank of America Corp
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Bank of America strategist Michael Hartnett said in a Monday note that gold remains his preferred hedge against a weakening dollar, citing the biggest inflows into the metal since January. Gold funds attracted $6.3 billion in the latest week, the largest since January 2026, alongside $25.4 billion into cash, $23.8 billion into bonds and $16.1 billion into equities. Hartnett wrote that the trade is long gold, still the best hedge against dollar debasement, bond collapse, asset inflation, and the populist politics of the 2020s. BofA added that the same theme is positive for emerging market assets, flagging Brazil's Oct. 4 election as directionally key. Investment-grade bonds drew a $10.6 billion inflow, the biggest in five weeks, while European equities took in $1.2 billion, the largest since February; China equities saw a $14.5 billion outflow, the biggest since May, and technology funds shed $1.2 billion.
Bank of America CorpBofA strategist's note highlights gold as preferred hedge, reflecting firm's market view.
Dynex Capital Inc