JPMorgan analysts predict gold could soar to $6,000 per ounce by 2029—an 80% increase from its current price of around $3,300—if just 0.5% of U.S. assets held by foreign investors shift into gold. This small reallocation, driven by concerns over U.S. financial stability, trade tensions under President Trump, and rising global distrust in U.S. assets, could trigger massive demand due to gold’s limited supply.
Gold has already surged over 20% this year and doubled in price over the past three years. JPMorgan and Goldman Sachs both recently raised their near-term gold forecasts, with JPMorgan projecting $4,000 by mid-2026.
Gold could soar 80% to $6,000 if there’s even a minuscule shift away from US assets, analysts say
May 10, 2025
Article from Fortune by Jason Ma
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