Gold Mania? JPMorgan Strategist Predicts $8,500 Is Possible Under This Scenario

The price of gold has been on an unprecedented upward trajectory, with a JPMorgan analyst predicting that it could reach $8,500.Gold Could Breach $8,000 On Allocation ShiftJPMorgan’s global market strategist, Nikolaos Panigirtzoglou, has suggested that the price of gold could surge to the range of $8,000-$8,500 if private investor allocations to the precious metal increase to 4.6% from the current 3% of their portfolios, as reported by MarketWatch on Thursday.Panigirtzoglou’s assessment is based on the noti ...