Recently, as the China-U.S. trade negotiations showed signs of hope, along with the trade agreement reached between the U.S. and the U.K., gold prices have retreated to around $3,306 per ounce. However, with central banks in various countries continuing to buy strongly and market risk aversion sentiment rising, many investment institutions remain optimistic about the future of gold. JPMorgan predicts that gold prices are expected to soar to $6,000 per ounce by early 2029.



Gold has risen by about 26% since the beginning of this year, and after U.S. President Trump announced a new round of tariff policies in early April, the gold price briefly broke through $3,500 per ounce. Morgan Stanley global commodities strategist Natasha Kaneva pointed out that under the current tariff disputes and geopolitical tensions, gold is expected to be the biggest winner.

Source: Yahoo News
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