J.P. Morgan's astonishing prediction: Gold prices may surge to the $6,000 mark by 2029.

Jin10 data May 12 news, since the beginning of this year, gold prices have risen by more than 20%, doubling compared to three years ago. JPMorgan believes that gold prices could reach the $6000/ounce mark by 2029, which is an 80% big pump from the current level of around $3300, mainly due to a series of policies by U.S. President Trump, prompting investors to sell U.S. assets to buy gold, coupled with the fact that gold supply has not significantly increased, leading to a natural rise in prices. JPMorgan analysts emphasize that although this data is a preliminary estimate, this situation indicates that JPMorgan is structurally bullish on gold in the long term, and gold prices will continue to rise. If foreign investors allocate 0.5% of U.S. assets into the gold market, it could lead to as much as $273.6 billion entering the gold market over four years, equivalent to 2500 tons of gold.