According to JP Morgan analysts, gold prices could experience a dramatic 80% increase from current levels of $3,300 to reach $6,000 per ounce by 2029.
This projection is based on a scenario where foreign investors shift a mere 0.5% of their US asset holdings into gold.
The precious metal has already been performing exceptionally well in recent years, with its upward trajectory gaining additional momentum after President Trump implemented his trade war policies.