Gold could hit $10,000 per ounce: JPMorgan's Dimon
Business
JPMorgan's Jamie Dimon says gold might climb to $5,000 to $10,000 per ounce, calling this "semi-rational" even with the 4% cost of holding it.
He said this at a Fortune conference.
Gold's recent surge and its impact
Gold rose sharply through 2025 and into January 2026, reaching an all-time high of $5,589.38 per ounce, way outpacing both JPMorgan's stock and the S&P 500.
In India, prices crossed ₹1.3 lakh per tola.
If you're watching investments or just curious about what's hot in finance right now, gold is stealing the spotlight.
What's driving this gold rush?
Big factors include rising inflation, huge US interest payments, and people losing trust in regular currencies.
Central banks are snapping up more gold too: futures trading volume spiked 40% above average after Dimon spoke out.