JPMorgan Predicts Gold Could Hit $6,000 by 2029
- Gold supply is described as inelastic.
- JPMorgan analysts forecast gold prices could reach $6,000 per troy ounce by 2029.
- A shift of just 0.5% of U.S. assets held abroad into gold might trigger a price surge.
According to JPMorgan analysts, if there is a shift of only 0.5% of U.S. foreign-held assets into gold, the price could soar to $6,000 per troy ounce by 2029 due to the metal’s inelastic supply.
Source (2.6)https://news.bitcoin.com/jpmorgan-gold-could-reach-6000-if-this-shift-happens/?rand=52384
