*Walter Bloomberg|Oct 23, 2025 11:16
🚨 JPMORGAN SAYS GOLD COULD DOUBLE IN THREE YEARS
Gold’s sharp drop this week hasn’t shaken bullish views. JPMorgan expects the metal to more than double within three years as investors increasingly use it to hedge equity risk.
Goldman Sachs maintains its 4,900/oz end-2026 target, citing strong central bank and institutional demand.
JPMorgan’s Nikolaos Panigirtzoglou says the recent selloff was driven by profit-taking from commodity traders, not retail investors, and that gold buying now reflects a strategic shift toward portfolio diversification.(*Walter Bloomberg)
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