BofA Survey Shows Gold No Longer Seen as Overvalued
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Bank of America’s June 5-11 survey of 198 fund managers overseeing $540 billion shows the share calling gold overvalued fell to its lowest since Feb 2024, down from about 45% earlier this year as gold retreated from 2026 highs and 82% expect global growth to weaken. In crypto context the BTC/GOLD ratio has traded between 10 and 37 for more than five years, and Daan Crypto projects Bitcoin could reach $170,000 if gold prices remain unchanged, signaling potential bullish upside for BTC adoption and market impact amid macro uncertainty.
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- A recent BofA survey shows gold is no longer viewed as heavily overvalued.
- The BTC/GOLD ratio has traded between 10 and 37 for more than five years.
- Daan Crypto says BTC could reach $170,000 if gold prices remain unchanged.
Bank of America’s latest Global Fund Manager Survey showed the net percentage of respondents calling gold overvalued dropped to its lowest level since February 2024.
The survey, conducted between June 5 and June 11, covered 198 fund managers overseeing $540 billion. Earlier this year, nearly 45% of respondents viewed gold as overvalued, the highest reading since 2012. The number has now fallen close to neutral as the metal retreated from its 2026 highs.
The change comes at a time when investors remain deeply worried about the economy. According to BofA, 82% of fund managers expect global growth to weaken, while a record number plan to reduce …
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