Jamie Dimon's JPMorgan Sees Gold Reaching $5,000 an Ounce by Q4, a Bullish Case for Investors Seeking a Hedge - The Motley Fool
Jamie Dimon's JPMorgan Sees Gold Reaching $5,000 an Ounce by Q4, a Bullish Case for Investors Seeking a Hedge - The Motley Fool
Source: The Motley Fool
―
DW NOTE
JPMorgan's $5,000 gold call comes with gold at $4,396 and the Fed still at 3.5%—the firm is betting that either geopolitical chaos forces true flight-to-safety flows or that rate cuts accelerate faster than the market currently prices. The call is less bullish than it sounds: gold hit $5,318 in January, meaning JPMorgan is forecasting a 14% gain to a level the metal already proved it could reach seven months ago.