From Yahoo Finance: 2025-05-10 12:42:00

Analysts at JPMorgan predict gold could hit $6,000 per ounce by 2029 if just 0.5% of U.S. assets held by foreign investors shift to gold. Gold prices have doubled in three years, with a 20% jump this year. Factors like Russia’s invasion of Ukraine and high inflation are driving this trend.

The demand for gold is increasing due to concerns about the stability of U.S. assets. Central banks worldwide are buying gold after financial sanctions on Russia froze its assets. President Donald Trump’s trade war and attacks on the Federal Reserve are also contributing to gold’s rally.

JPMorgan warns that the U.S. is vulnerable to capital outflows, especially if other countries begin “burden sharing” to reduce reliance on the dollar. A 0.5% shift of foreign-held U.S. assets to gold would result in $273.6 billion pouring into the metal over four years, significantly impacting the market.

JPMorgan’s bullish scenario predicts gold could reach $3,675 by the end of 2025 and surpass $4,000 by mid-2026. Goldman Sachs has also raised its gold price outlook to $3,700, with potential to reach $4,500 in extreme situations. The future of gold prices is highly optimistic.



Read more at Yahoo Finance: Gold could soar 80% to $6,000 if there’s even a minuscule shift away from US assets, analysts say