U.S. debt concerns lead to increased gold investment predictions, with Bank of America suggesting greater gold exposure.

As U.S. debt concerns rise, gold is increasingly seen as a safe haven by investors, with analysts predicting its value could reach $3,000 an ounce by next year. This trend reflects a shift towards gold amid fears over Treasurys and potential market instability. Bank of America advises traders and central banks to increase gold exposure, anticipating higher global spending and a diversification of currency reserves into gold as a protective measure.