Gold Least Overvalued in 2.5 Years, BofA Survey Shows
Bank of America's latest Global Fund Manager Survey reveals the net percentage of investors viewing gold as overvalued has dropped to its lowest level since early 2024, making it the least overvalued in about 2.5 years.
According to Bank of America's latest Global Fund Manager Survey, the net share of investors who consider gold overvalued has fallen to its lowest point since early 2024. This marks the least overvalued reading for the metal in roughly 2.5 years.
The shift indicates that concerns over excessive gold valuations have eased, even as the yellow metal has maintained strong price performance. The survey also shows fund managers turning more constructive on gold.
Gold's perceived value appears to be aligning more closely with its market price, potentially reducing the risk of a sharp correction from overvaluation.
Source: First Squawk