09.05.2025 09:52
JPMorgan predicts that gold could reach $4,000 per ounce over the next year, even if optimistic scenarios are valid in the global economic outlook. According to Grace Peters, the bank's Head of Global Investment Strategy, the rise of gold is not contradictory to growth; rather, it is possible given the current geopolitical and monetary landscape.
According to JPMorgan, gold could reach $4,000 per ounce by next summer even in a positive global growth scenario. Grace Peters, Global Head of Investment Strategy at JPMorgan, stated in an interview with Bloomberg TV that even if the U.S. and global GDP continue to grow over the next 12 months, the price of gold could reach $4,000 per ounce. This forecast indicates a period where gold's traditional "safe haven" role is evolving, gaining importance as a hedge against inflation and for portfolio diversification. Peters emphasized that the impact of different regions and currencies on the markets plays a decisive role in investment decisions.
S&P 500 AT HIGHS: STRONG RISK APPETITE
Markets are not limited to gold. According to Peters, the S&P 500 index is trading just 3-4% away from its historical peak. This level is interpreted as a strong signal that risk appetite remains robust. The expert noted that the trade relations with China have a mitigating effect on tax pressures for the U.S., suggesting that this structure will support corporate profits and help sustain global economic momentum.
IS THE U.S. ECONOMY GROWING STRUCTURALLY OR CYCLICALLY?
Peters expressed that focusing solely on U.S. data while evaluating the economic landscape could be misleading. The JPMorgan executive stated that it is essential to consider the background of changes in global balances, highlighting that the question of whether the economic policies implemented by the U.S. are creating "temporary cycles or permanent structural transformations" is currently one of the most critical discussion topics.