Gold’s record rally might be just taking a breather. JP Morgan Private Bank expects the precious metal to exceed $5,200 per ounce by the end of 2026 – about 20% higher than current levels.
Central Banks Drive Demand Shift
According to Alex Wolf, the bank’s global head of macro and fixed income strategy, the fundamental reweighting of international reserves is behind the rally.
Gold as part of “forex reserves is still relatively small as an overall percentage” for many central banks, especially in emerging markets, he told Bloomberg. “A lot of it will still go to dollars. So we’re not even really looking at gold as replacing dollars. It’s just an increasing share will go to gold,” he clarified.
Also Read: Don’t Call It A Bubble: Why Gold’s Rally Has Deep, Structural Support
De-Dollarization Trend Gains Momentum
Wolf added that many countries …
Full story available on Benzinga.com
Gold’s record rally might be just taking a breather. JP Morgan Private Bank expects the precious metal to exceed $5,200 per ounce by the end of 2026 – about 20% higher than current levels.
Central Banks Drive Demand Shift
According to Alex Wolf, the bank’s global head of macro and fixed income strategy, the fundamental reweighting of international reserves is behind the rally.
Gold as part of “forex reserves is still relatively small as an overall percentage” for many central banks, especially in emerging markets, he told Bloomberg. “A lot of it will still go to dollars. So we’re not even really looking at gold as replacing dollars. It’s just an increasing share will go to gold,” he clarified.
Also Read: Don’t Call It A Bubble: Why Gold’s Rally Has Deep, Structural Support
De-Dollarization Trend Gains Momentum
Wolf added that many countries …
Full story available on Benzinga.com
Gold’s record rally might be just taking a breather. JP Morgan Private Bank expects the precious metal to exceed $5,200 per ounce by the end of 2026 – about 20% higher than current levels.
Central Banks Drive Demand Shift
According to Alex Wolf, the bank’s global head of macro and fixed income strategy, the fundamental reweighting of international reserves is behind the rally.
Gold as part of “forex reserves is still relatively small as an overall percentage” for many central banks, especially in emerging markets, he told Bloomberg. “A lot of it will still go to dollars. So we’re not even really looking at gold as replacing dollars. It’s just an increasing share will go to gold,” he clarified.
Also Read: Don’t Call It A Bubble: Why Gold’s Rally Has Deep, Structural Support
De-Dollarization Trend Gains Momentum
Wolf added that many countries …Full story available on Benzinga.com Read MoreAnalyst Color, GDX, GDXJ, GLD, GLDM, IAU, News, RING, Sector ETFs, why it’s moving, Guidance, Price Target, Commodities, Global, Top Stories, Markets, Analyst Ratings, Movers, ETFs, GDX, US57060U1007, GLD, US78463V1070, IAU, US4642851053, GDXJ, US57060U5891, RING, GLDM, Sector ETFs, News, Analyst Color, Guidance, Price Target, Commodities, Global, Top Stories, Markets, Analyst Ratings, Movers, ETFs, Benzinga Markets
