Gold Price Tempts BofAML to Wager on Short-Term Bullish Options
- BofAML strategists buy January calls on SPDR Gold ETF
- Recommend gold as a cross-asset hedge and value play
This article is for subscribers only.
The burgeoning interest in gold has reached Wall Street, with Bank of America Merrill Lynch strategists backing bullish options linked to the precious metal.
A negative view on the dollar, large short positions in gold futures and investor demand for portfolio protection are some of the reasons behind the call, investment strategists including James Barty wrote in a note on Friday.