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JP Morgan Shrugs Off Gold Crash, Sets A New Higher Target - SPDR Gold Shares (ARCA:GLD), abrdn Physical Precious Metals Basket Shares ETF (ARCA:GLTR)
Benzinga· 2026-02-02 11:32
JP Morgan has reiterated a firmly bullish outlook for gold, even after precious metals suffered one of their sharpest selloffs in decades.In a note released late Sunday, the U.S. investment bank said it sees $6,300 per ounce by year’s end, noting that the reasons behind the recent move higher remain intact.“We remain firmly bullishly convinced in gold over the medium-term on the back of a clean, structural, continued diversification trend that has further to run amid a still well-entrenched regime of real a ...