Fund Managers See Gold as Most Undervalued in Three Years: BofA
Bank of America survey shows fund managers consider gold the most undervalued asset since March 2023, with XAU/USD testing key support.
Fund managers have identified gold as the most undervalued asset in three years, according to the latest Bank of America (BofA) fund manager survey. The survey indicates that the precious metal is trading at a significant discount relative to its perceived fair value.
Key Survey Findings
- Gold ranked as most undervalued since March 2023.
- XAU/USD bounced off $3,900 support level.
- Fund managers cite macroeconomic uncertainty as a driver for gold demand.
The sentiment shift comes as gold prices have corrected from recent highs, with technical analysts watching the $3,900 region as a critical support zone. A break below this level could lead to further downside, while a rebound may signal a bottom.
While the survey reflects a bullish long-term view among fund managers, it does not constitute investment advice. Market participants should consider their own risk tolerance before making trades.