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Gold Climbs Higher as JP Morgan Raises 2026 Price Target to $6,300

Gold Climbs Higher as JP Morgan Raises 2026 Price Target to $6,300

Author:

Global Cryptocurrency

Published:

2026-02-25 17:18:02

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BTCCSquare news:

Gold futures rose 0.6% to $5,205.80/oz Wednesday as investors digested Trump’s State of the Union address, where he reaffirmed his tariff policies. The WHITE House is pushing for a 15% global import tariff after the Supreme Court struck down earlier measures. JP Morgan’s bullish outlook sees gold hitting $6,300/oz by 2026, with silver and platinum also posting significant gains.

Market movements followed a volatile session, with spot gold recovering 0.7% after a 1.6% drop Tuesday. The administration’s swift replacement of tariffs under Section 122 of the Trade Act of 1974 underscores ongoing trade policy tensions. Precious metals remain a focal point for investors hedging against macroeconomic uncertainty.

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