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BCA Research: Stock market wealth effect on U.S. consumer spending has doubled since 1990, with every $1 increase in equity prices boosting consumption by 3%.
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Previous: Wells Fargo Investment Institute lowered its gold price target, revising its year-end 2026 target from $5,300-$5,500/ounce to $4,900-$5,100/ounce, and its year-end 2027 target from $5,800-$6,000/ounce to $5,400-$5,600/ounce.
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