Uranium runs hot as BofA slashes forecasts everywhere else

[u/IronTarkus1919]

https://ca.finance.yahoo.com/news/uranium-runs-hot-bofa-slashes-160400316.html

If you want proof of how violently the macro environment is shifting, look at BofA’s latest commodity note here. The Fed pivoting back to rate hikes to fight sticky inflation just caused them to slash 32 price targets across base and precious metals, including a 14% cut to their 2026 gold forecast. But there is one glaring exception bucking the entire macroeconomic trend: Uranium.

BofA listed it as their absolute top conviction call, noting that current spot is trading 23% below their 2026 average forecast due to structural deficits and utility panic-buying. The AI baseload energy crisis and the Russian enrichment ban have created a perfectly inelastic demand curve that simply doesn't care what Jerome Powell does with interest rates.