JPMorgan Sees Gold Soaring to $2,500 JPMorgan Chase & Co. tags gold as its top commodity pick, forecasting a potential surge to $2,500 per ounce this year, fueled by market enthusiasm. Natasha Kaneva, the bank’s lead commodities researcher, highlighted the metal’s recent peak at $2,195.15, suggesting a climb to $2,500 is within reach if inflation moderates and job growth stabilizes. Additionally, the Federal Reserve’s expected shift to a more accommodative monetary policy could further elevate gold’s attractiveness against yield-generating investments, pending evidence of inflation aligning closer to the Fed’s 2% goal. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China's Gold Dilemma: Rising Prices and Falling Jewelry Demand READ MORE Dow Tumbles 760 Points as Market Reacts to Recession Worries READ MORE 15 Weakest Currencies in 2024 READ MORE Treasury Traders Bet on 2024 Fed Rate Cuts READ MORE JP Morgan Gold Traders Contempt for the Law, Plan to Appeal their Convictions READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment