The No. 1 gold recommendation of BofA is Agnico Eagle Mines Ltd. (NYSE: AEM), a Toronto, Canada-based company. Agnico Eagle Mines is one of the gold mining stocks that gained a lift after the Federal Open Market Committee's (FOMC) Sept. 18 Fed Funds rate cut of 0.50%, equaling 50 basis points. Prognosticators expect cuts totaling 50 basis points between the remaining two FOMC meetings this year, 100 basis points in 2025 and 50 basis points in 2026 to reach a rate of 2.9% that may hold through 2027.