economy
February 2, 2026
Gold’s worst day in decades and why JPM Private Bank still likes it
Gold deepens losses after seeing its worst day since 1980, but J.P. Morgan Private Bank maintains its price target of $6,500. Global Head of Investment Strategy Grace Peters joins Squawk Box Europe to discuss, amid wider market volatility.
TL;DR
- Gold prices have deepened their losses after a significant decline.
- This decline marks the worst day for gold since 1980.
- J.P. Morgan Private Bank maintains a price target of $6,500 for gold.
- Grace Peters of J.P. Morgan discussed the situation on Squawk Box Europe.
- The discussion occurred amid wider market volatility.
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