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Gold (XAU) on Track to Hit $6,000 by 2029, Says JPMorgan
Turns out you don't need a market meltdown to send gold prices soaring. According to JPMorgan, even a tiny 0.5% shift from U.S. assets into gold (XAU) could push prices to a whopping $6,000 by 2029. Gold (XAU) is already having a stellar year, up nearly 28% as trade tensions heat up and inflation fears linger. But JPMorgan's latest analysis suggests we might just be seeing the beginning of something much bigger for the precious metal. Here's the fascinating bit: JPMorgan's number-crunchers found that if global investors moved just half a percent of their U.S. holdings into gold—about $274 billion—it could trigger ... (full story)
