Zhi Tong Cai Jing·2025-10-24 01:54Core Viewpoint - The article emphasizes the resilience of gold as an investment, highlighting that despite recent volatility, major financial institutions like Goldman Sachs and JPMorgan Chase foresee a bullish trend, potentially pushing gold prices to $5,000 per ounce in the long term [1][4][5]. Group 1: Market Dynamics - Following significant sell-offs, gold and silver futures rebounded strongly due to geopolitical risks and investor buying on dips, with a focus on upcoming U.S. CPI inflation data [1][2]. - Gold prices have seen a remarkable increase this year, with a historical high reached recently, driven by uncertainties in global economic growth and trade tensions [2][3]. - A sudden reversal in market sentiment led to a historic drop in gold prices, with spot gold experiencing a 6.3% intraday decline, marking the largest single-day drop since April 2013 [2][3]. Group 2: Future Projections - JPMorgan forecasts that gold prices could average $5,055 per ounce by Q4 2026, driven by strong demand from investors and central banks [4][5]. - Goldman Sachs maintains a long-term bullish stance on gold, projecting a price of $4,900 per ounce by the end of 2026, with potential for upward adjustments [5][6]. - Bank of America presents an even more aggressive outlook, suggesting gold prices could reach $6,000 by next spring, indicating a low current allocation of gold in investment portfolios [6]. Group 3: Other Precious Metals - Platinum also shows potential for investment, with significant price increases observed recently, driven by tight supply conditions and potential policy changes in the U.S. [7]. - The market for platinum is experiencing heightened demand, similar to recent trends in the silver market, indicating a broader interest in precious metals [7].