 BofA Securities took a look at two mining companies stock, noting it will be difficult to sustain 10-Year Treasuries above 2.5 and with gold markets refocusing from tighter monetary policy on limits to interest rate increases, the yellow metal should rally. The Gold Thesis: The BofA Commodities team expects the gold price to rise by 5.2 to 1,925 per ounce in 2022 and by 10.4 to 2,049 per ounce in 2023. 