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JPMorgan predicts gold prices will reach $4,000 by 2026, warning of the risk of the Fed cutting interest rates prematurely.
On August 12, David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that the Fed may adopt a preemptive rate-cutting "dangerous logic," which would exacerbate inflation. Investors need to diversify into alternative assets and international assets such as gold to protect their rights. JPMorgan expects gold prices to reach $4,000 per ounce by the first quarter of 2026. A series of economic data will be released on Tuesday, including the July CPI. As the labor market cools, this index will provide an opportunity to test the impact of tariffs on inflation. Some institutional economists say that this data will be crucial for the Fed's decision on whether to cut rates in September.