Gold isn’t the only precious metal that looks set for a strong rally in 2025 as silver and platinum “also have strong fundamental deficit fundamentals” and could rise later in the year, JP Morgan said, adding that silver could reach $38 an ounce in 2025 from $31 recently, while platinum rises to $1,200 from $960 recently.
JPMorgan is not the only bank that believes that gold will continue to rise, as Bank of America also expects it to reach $3,000 an ounce, and advises investors to buy it if it drops below $2,500. Strategists there believe that Trump’s policies may lead to higher inflation, making… Gold is more attractive.
