Bank of America doesn't see gold's rally ending soon and thinks producer Gold Fields could benefit.
A key asset for the metal producer is Chilean mine Salares Norte, which could increase growth through near-term gold production.
"Salares Norte should be a highly cash generative asset and we think it could account for [about].
BofA also thinks lower Federal Reserve rates can drive gold to $3,000 by 2025.
A longer-term catalyst includes Gold Fields' acquisition of Osisko Mining in August.
Persons:
Gold, Jason Fairclough, Fairclough, BofA
Organizations:
America, Osisko Mining
Locations:
Chilean, Norte, Quebec