I think gold still has a long way to go up as global political instability is going to continue.
But I prefer gold mining stocks to physical gold as the mining companies are leveraged to the gold price and pay dividends.
JPM Upgrades Gold PT to $6300: Will US–Iran Tensions Bring Gold Premium?
U.S.–Iran tensions resurfaced after VP Vance said Washington remains “hopeful” on talks but won’t rule out force, while Trump criticized Tehran’s renewed nuclear ambitions. Natixis sees gold spiking to $5,500–$5,800 within two weeks if conflict erupts, before retracing.
Meanwhile, JPMorgan raised its long-term gold view to $4,500 and keeps a bold $6,300 by end-2026 target. It expects 755 tonnes of central bank buying in 2026, still well above pre-2022 norms.
Is geopolitical premium about to reprice sharply higher? Will gold hit $6000?
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