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Gold's soaring so fast it's topped Goldman target set only last week. Now a JPMorgan analyst plots path to $8,500.
Way back in olden times - seven days ago - Goldman Sachs lifted its year-end gold price target to $5,400 from $4,900. Fast forward and the yellow metal is already at $5,500, and it's almost doubled from a year ago. Gold's (GC00) truly gone parabolic, as has the entire precious metals complex. That Coinbase this week added copper and platinum futures to its platform gives a clear indication that the metals move is now being driven by a decidedly retail crowd of investors. Who needs fartcoin (down 83% from its July peak) when you can trade metals that have been popular for 6,000 years? So a new note from JPMorgan ... (full story)
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