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JPM: Gold Price May Reach US$6K by 2029 on Structural Upside from Foreign Investors' Asset Allocation
Due to the sell-off of US assets triggered by US President Donald Trump, the trend of financial markets in the recent period of time suggests that investors' interest and trust...
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JPM: Gold Price May Reach US$6K by 2029 on Structural Upside from Foreign Investors' Asset Allocation
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Due to the sell-off of US assets triggered by US President Donald Trump, the trend of financial markets in the recent period of time suggests that investors' interest and trust in US assets has been challenged, and that the US is susceptible to capital outflows, JPMorgan issued a research report last Wednesday (7th) saying.

The international gold price escalated by a total of over 20% YTD, doubling the price 3 years ago. JPMorgan posited that even if foreign investors withdrew only a small portion of their investments from the US and reallocated them to gold, the gold price would reach US$6,000 per ounce by 2029, an incline of about 80% from the current price of about US$3,300.

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