Why JPMorgan says gold prices can recover and surge 34% by the end of the year [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
Analyst Gregory Shearer is bullish on gold despite recent market volatility. The chart for gold might look pretty scary after last week's plunge, but JPMorgan says investors shouldn't bail on the yellow metal. Gold prices plunged on Friday after President Trump nominated Kevin Warsh to lead the Federal Reserve. The volatility continued on Monday, but JPMorgan thinks it's just a stumble on the path to a much bigger year-end price. The investment bank updated its 2026 price target for gold to $6,300 per ounce, a roughly 34% increase from its late Monday price of about $4,700. The forecast might seem overly optimistic given what happened on Friday, but the bank's Gregory Shearer maintains that a recovery is coming. Gold and silver swooned after Warsh's nomination spurred a reassessment of the so-called debasement trade, which has been a major force driving gold to record highs in the last 12 months. Yet, according to Shearer, investors shouldn't be worried about a further corr
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News
- After Their Worst Day Since 1980, What's Next For Gold and Silver? [Yahoo! Finance]Yahoo! Finance
- Canada's fiscal growth to see half-point boost from government spending, says CIBC [Yahoo! Finance]Yahoo! Finance
- Gold and silver prices turn volatile – what to know before selling jewelry [FOX Business Network]FOX Business Network
- Julius Bär Gruppe AG (JBAXY) Q4 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- ConocoPhillips shares fell after six-session gaining streak [Seeking Alpha]Seeking Alpha
JPM
Earnings
- 1/13/26 - Miss
JPM
Sec Filings
- 2/2/26 - Form 424B2
- 2/2/26 - Form 424B2
- 2/2/26 - Form 424B2
- JPM's page on the SEC website