JP Morgan Predicts Gold Prices To Double in 3 Years
Global investment bank JP Morgan forecasts a dramatic surge in Gold prices, potentially doubling within three years. Analysts highlight equity hedges at record levels as a catalyst for an explosive rally, with the XAU/USD index already up 57% year-to-date.
Nikolaos Panigirtzoglou, Managing Director of Global Market Strategy at JP Morgan, notes gold's growing appeal among retail holders, central banks, and institutional funds. A mere 2% substitution of bond holdings into gold could propel prices to $8,600, accelerating the metal's historical growth trajectory.