Jamie Dimon's JPMorgan Sees Gold Reaching $5,000 an Ounce by Q4, a Bullish Case for Investors Seeking a Hedge - Yahoo Finance
Jamie Dimon's JPMorgan Sees Gold Reaching $5,000 an Ounce by Q4, a Bullish Case for Investors Seeking a Hedge - Yahoo Finance
Source: Yahoo Finance
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DW NOTE
JPMorgan's $5,000 gold forecast would represent a 15% gain from today's $4,341 — hardly radical given the metal already hit $5,318 in January before falling 18% in seven months. The real question is whether Dimon's analysts have explained what changes between now and Q4 to reverse a trend that has seen gold lose nearly a fifth of its value while inflation stays above 3.5% and the Strait of Hormuz remains 94% below normal traffic.