JPMorgan Chase expects gold prices to reach $5,000/ounce by Q4 2026, bullish on its value as a hedging tool
JPMorgan Chase, in its latest outlook, stated that gold prices are expected to surpass $5,000 per ounce by the fourth quarter of 2026, with potential for further increases thereafter. The bank's CEO, Jamie Dimon, had previously warned investors that current market risks are rising, likening them to colliding tectonic plates that could trigger an "earthquake." Against this backdrop, JPMorgan Chase believes gold is an asset worth considering for investors seeking to hedge against market risks.
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