️ JPMorgan Private Bank Expert Sees Risk of Further Decline in Gold Prices
8 Articles
8 Articles
JPMorgan Private Bank’s Tang Sees More Downside Risk for Gold
Gold still faces downside risk after the latest sell-off as liquidity remains thin and interest rates have room to rise, Yuxuan Tang, head of rates and foreign-exchange strategy for Asia at JPMorgan Private Bank, said in an interview.
Gold prices fell 13% from their peak, dropping below $4,000, while JPMorgan Private Bank released its forecast for the end of 2027. Yuxuan Tang, head of currency strategy, stated that interest rates could continue rising, putting pressure on the precious metal.
After the recent sell-out, the gold price remains low and continues to fight for a sustained recovery. Now, the JPMorgan warns against further price losses and does not consider the recent correction to be complete. Rising US bond yields and low market liquidity could put gold under pressure again. Additional explosiveness comes from today's Fed interest rate decision and the [...] The post gold price: JPMorgan warns against further price losses…
According to Yuxuan Tang, the market remains “quite fragile,” with limited technical support levels below $4,000.
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