JPMorgan Chase Soars 3.39% on Gold Price Forecast

On May 12, 2025, JPMorgan Chase's stock rose by 3.39% in pre-market trading, reflecting a positive market sentiment towards the financial giant.

JPMorgan Chase has recently expressed a bullish outlook on gold prices, predicting that they could surge to $6,000 per ounce by 2029. This forecast is based on the bank's analysis that even a minor reallocation of foreign-held U.S. assets into gold could significantly drive up prices due to limited supply. The bank's analysts also highlighted that high inflation and increasing U.S. fiscal deficits are likely to support gold's upward trajectory.

In addition to its bullish stance on gold, JPMorgan Chase has been actively managing its investment portfolio. The bank recently increased its stake in Alibaba's H-shares, acquiring approximately 15.856 million shares. This move underscores JPMorgan's confidence in Alibaba's investment potential and could positively influence market sentiment towards the tech giant.

Despite the positive outlook on gold and strategic investments, JPMorgan Chase has also issued cautionary statements regarding the broader market. The bank has warned that current market sentiment and macroeconomic indicators do not support a sustained rebound in equity markets. This cautious stance reflects the bank's concern over rising recession risks and trade uncertainties, which could impact investor confidence and market stability.