Over the past 9 years, gold prices have soared nearly 200%. And this run may not even be close to done.
Last month, JP Morgan put out an investor note suggesting that gold prices will cross $4,000 per ounce. This, based on increased recession probabilities as a result of Trump’s trade war.
Analysts from the investment bank expect gold to clock in at around $3,675 this year, then exceed $4,000 an ounce by Q2, 2026.
Of course, it’s still hard to know exactly how this trade war is going to play out. If it does end this year, then I suspect that $4,000 price target may not come to fruition. In that scenario, the run on gold comes to an end. Although silver prices could continue to run.
How to Profit from Today’s Gold and Silver Prices
This post originally appeared at Pro Trader Today.