The precious metal has more than doubled in price since 2023, gaining renewed popularity amid rising inflation and geopolitical tensions
Gold could soar to $10,000 per ounce as it regains popularity as a safe haven amid inflation and global tensions, JPMorgan CEO Jamie Dimon has predicted.
The precious metal, long viewed as a hedge against inflation and currency declines thanks to its independence from governments and central banks, broke the historic $4,000 mark earlier this month and has continued to climb. It was up 58% year-to-date to a record $4,218.29 on Wednesday – more than double its 2023 price, when it traded below $2,000 an ounce.
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