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JP Morgan Predicts Massive Gold Price Surge to $6,300
25 Feb
Summary
- Gold prices are projected to reach $6,300 per ounce by late 2026.
- Central banks and investors are expected to drive this demand.
- The long-term gold price forecast has been revised upwards.
Gold is set for a remarkable price increase, with forecasts suggesting it could reach $6,300 per ounce by the end of 2026. This significant projection stems from anticipated robust demand from central banks and investors throughout the coming years. The investment bank JP Morgan has also elevated its long-term price target for gold, now expecting it to trade at $4,500 per ounce. These optimistic outlooks underscore a growing confidence in gold's value as a stable asset and a hedge against economic uncertainties.
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