The BOA-FMS showed the ebullience in the financial market.

The above graph showed no recession in the global market.

The above chart showed no recession is expected in 2026.

The above graph showed no risk hedging is done.

Although no major risk or recession was expected by the FMS, it did show that the fund managers invested their monies in GOLD to avoid some unforeseen risk (most likely geopolitics).

The fund mangers were ambivalent but still poured their monies in GOLD despite having the overvaluation sentiment.