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Bank of America raises gold forecast by a whopping $1,000 to $3,000 because of zero rates

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A one kilo Swiss gold bar and US dollars gold coins are pictured in Paris on February 20, 2020.
JOEL SAGET| AFP via Getty Images

(This story is for CNBC Pro subscribers only.)

In a world of zero rates, the price of gold will surge in the next one to two years, according to Bank of America. 

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