My favourite colour for text has to be black. Bolder font black titles contrasted with lighter font black for body text. No harm to add some colour in jobs/pages that have a lot going on and you need to add more definition/contrast/segregation, but not a fan of tons of coloured text, especially when you have enough colour with surrounding graphics. I don't think it looks good.. IMO.
For simplistic ultra modern jobs I sometimes wouldn't use any any bold fonts, but just vary the size of text.. one of the nicest jobs I did was for a beauty salon that was all black and white, including photography which had a silver metallic ink solid cover with just the logo on the front.
One thing is for sure, everyone has different taste. :)
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