Gold simply stumbled. A JPMorgan strategist says the steel may double in worth.
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For those weary of the AI debate, gold’s dramatic swoon this week has at least changed the discussion.
Since its biggest one-day drop in over a decade on Tuesday, the debate has surrounded whether gold will
regroup and push higher. Goldman Sachs, for one, is sticking to its end-2026 target of $4,900 per ounce, and sees upside risks from central bank as well as institutional investor demand.