Business · 2 March 2026
Gold Surges to $5,400 as JP Morgan Predicts It Could Hit $6,300 Before Year End
Gold climbed 2% to $5,384 an ounce on Monday, hitting a session high of $5,418 as investors fled to safe-haven assets amid the Iran conflict. JP Morgan analysts forecast the metal could reach $6,300 by end of 2026, citing geopolitical risks that are 'likely to stay on the boil.' The price remains below its January record of $5,594. Oil also surged, with Brent crude rising above $80 a barrel — its highest level in eight months since the conflict began on Saturday.
Reported by CNBC · How we write briefs