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JP Morgan Forecasts a Gold Price of $2,500
In a January 2024 publication, JP Morgan unveiled its outlook for the gold price. The world's leading bank, with a market capitalization of over $500 billion, stated that “a cutting cycle is expected to be positive for bullion and supportive of a rally in prices in the second half of 2024”. As gold settles at all-time highs, the prospect of a gold comeback takes hold... JP Morgan optimistic about gold prices: JP Morgan is optimistic about commodities, and in particular, “for the second consecutive year, the only structural bullish call we hold is for gold and silver”. JP Morgan's bullish arguments in favour ... (full story)