economy
January 29, 2026
Gold continues to surge. JPMorgan sees a scenario where it tops $8,000
The precious metal could rise to a price between $8,000 and $8,500 an ounce, the bank said.
TL;DR
- JPMorgan suggests private investors could increase gold holdings to 4.6% of portfolios, potentially driving prices to $8,000-$8,500 per ounce.
- Gold prices have risen due to geopolitical tensions and central bank diversification strategies.
- Households are reportedly replacing long-duration bonds with gold.
- Gold has been favored over bitcoin by retail traders.
- Momentum trading has led to overbought conditions for gold and silver, increasing the risk of near-term profit-taking.
- Gold has shown more robust liquidity and market breadth than silver or bitcoin.
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