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JPMorgan Bank expects that demand from central banks and investors will push the price of gold to $6,300 per ounce by the end of 2026, despite the metal's decline today to its lowest level in more than two weeks after hitting a record high of $5,594.82 last Thursday.
The bank explained in a memo that medium-term optimism for gold remains due to the continued performance of real assets compared to paper assets, expecting central bank gold purchases to reach 800 tons this year.
$XRP #CryptoMarketPullback