Gold prices have surged 30% in 2025, reaching $3,500/oz in April amid trade uncertainty and geopolitical tensions.
J.P. Morgan analysts predict gold will average $3,675/oz by late 2025 and approach $4,000/oz by mid-2026.
The precious metal broke through $2,900/oz for the first time in February 2025, driven by U.S. tariff concerns and global instability.
Gold’s appeal stems from its role as both a safe-haven asset and inflation hedge. Analysts view gold as an optimal hedge against multiple risks including stagflation, recession, currency debasement, and policy uncertainty facing markets through 2026.