Gold Prices Could Soar 80 To 6 000 By 2029 Here S How Fortune

Bonisiwe Shabane

-Dec 27, 2025, 6:27 PM

gold prices could soar 80 to 6 000 by 2029 here s how fortune

The price of gold has been on a tear in recent years and could reach astronomical heights by the end of the decade if foreign investors shift away slightly from the U.S., according to... In a note on Wednesday, they laid out a scenario where gold would hit $6,000 per ounce by 2029, an 80% jump from the current price of about $3,300. If just 0.5% of foreign-held U.S. assets are reallocated to gold, that would result in 18% annual returns and eventually send prices to $6,000, JPMorgan estimated. That’s because the supply of gold isn’t expanding by much, meaning that a relatively minuscule boost in demand can create a big price swing. “While hypothetical, this scenario illustrates why we remain structurally bullish gold and think prices have further to run,” analysts wrote.

(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. The price of gold has been on a tear in recent years and could reach astronomical heights by the end of the decade if foreign investors shift away slightly from the U.S., according to... In a note, they laid out a scenario where gold would hit $6,000 per ounce by 2029, an 80% jump from the current price of about $3,300.

If just 0.5% of foreign-held U.S. assets are reallocated to gold, that would result in 18% annual returns and eventually send prices to $6,000, JPMorgan estimated. That’s because the supply of gold isn’t expanding by much, meaning that a relatively minuscule boost in demand can create a big price swing. “While hypothetical, this scenario illustrates why we remain structurally bullish gold and think prices have further to run,” analysts wrote. Gold is already in the spotlight—but it could be just getting started. According to a striking forecast from JPMorgan analysts, gold prices could skyrocket to $6,000 per ounce by 2029.

That’s nearly an 80% jump from current levels around $3,300. The catalyst? A seemingly modest shift in global capital flows: if foreign investors reallocate just 0.5% of their U.S. asset holdings to gold, the precious metal could soar to record-breaking heights. The Bullion Bulletin is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

“While hypothetical, this scenario illustrates why we remain structurally bullish gold,” the JPMorgan note stated. Let’s unpack why this outlook is being taken seriously—and what it says about the broader financial picture. You know, lately I've been digging into what's happening with gold, and let me tell you, some experts are making some pretty bold predictions. The gold price forecast is definitely turning heads, with whispers of it potentially soaring to a staggering $6,000 per ounce by 2029. That's a massive jump from where we are now! Analysts at JPMorgan suggest this could happen if even a small fraction – just 0.5% – of the U.S.

assets held by investors outside the country shifts towards gold. It sounds like a big “if,” but let's dive deeper into why this might actually be more plausible than you think. For ages, gold has been seen as a safe haven, a place to park your money when things get a little shaky in the world. And lately, there's been no shortage of shaky situations! Think about it: Now, when you throw in the possibility of even a tiny shift in how much faith foreign investors have in U.S.

assets, as JPMorgan's analysts point out, the impact on gold prices could be huge. Why? Because the supply of gold doesn't really grow that much each year. So, even a small increase in demand can lead to a significant jump in price. Interestingly, the analysts at JPMorgan highlighted that the trade war initiated by former President Trump actually added fuel to gold's rally. It made some foreign investors question the stability of U.S.

assets. Plus, talk about “burden sharing” – suggesting that other countries benefiting from the dollar's reserve currency status should contribute more – might also be making some investors abroad a bit uneasy. As the JPMorgan analysts put it, “The recent period in financial markets has demonstrated that interest and trust in US assets are already being questioned, and the US is vulnerable to capital outflows.” This... If this trend continues, even a small trickle of money moving from U.S. assets to gold could create a big wave in the gold market. Daily stocks & crypto headlines, free to your inbox

By continuing, I agree to the Market Data Terms of Service and Privacy Statement

Gold Prices Could Soar 80 To 6 000 By 2029 Here S How Fortune

People Also Search

The Price Of Gold Has Been On A Tear In

(Catch All The US News, UK News, Canada News, International

If Just 0.5% Of Foreign-held U.S. Assets Are Reallocated To

That’s Nearly An 80% Jump From Current Levels Around $3,300.

“While Hypothetical, This Scenario Illustrates Why We Remain Structurally Bullish