JP Morgan Forecasts Gold Rally to $4,000 Amid Market Volatility
JP Morgan’s latest commodity report projects gold prices could surge to $4,000/oz, building on recent highs NEAR $3,500. The bank attributes the bullish outlook to macroeconomic uncertainty, with traders treating gold as a traditional hedge against trade wars and tariffs.
Despite Thursday’s pullback to $3,320 following profit-taking, the institutional analysis suggests strong upside potential. The forecast comes as digital assets and precious metals compete for safe-haven flows in the current risk-off environment.