Bank of America (BofA) is maintaining its long position in gold as a strategic hedge against several economic risks, including a potential U.S. economic boom, an AI-driven market bubble, and the risk of U.S. dollar debasement. The bank also cites concerns over asset price inflation, influenced by what it terms the "Fed put," "Trump put," and a new "Gen Z put." This strategy aligns with similar views previously expressed by JPMorgan, highlighting a cautious approach to current market dynamics.