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JPMorgan: Gold Prices Could Soar to $6,000 by 2029

5/12/2025

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Summary

Story summary

JPMorgan predicts gold prices may hit $6,000 per ounce by 2029, an 80% increase.
A 0.5% shift of foreign-held US assets to gold could yield 18% annual returns.
Gold prices have surged nearly 28% this year due to geopolitical instability and economic uncertainty.
The bank estimates an average of $3,675 per ounce by Q4 2023 and $4,000 by Q2 2026.

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Story summary

JPMorgan predicts gold prices may hit $6,000 per ounce by 2029, an 80% increase.
A 0.5% shift of foreign-held US assets to gold could yield 18% annual returns.
Gold prices have surged nearly 28% this year due to geopolitical instability and economic uncertainty.
The bank estimates an average of $3,675 per ounce by Q4 2023 and $4,000 by Q2 2026.