Wall Street’s Boldest Gold Prediction Has Russians Rushing to Buy
BeInCrypto
Major banks are forecasting record gold prices, prompting a surge in gold investment activity among Russian retail investors.Summary
Leading Wall Street institutions, including JPMorgan and Deutsche Bank, have issued ambitious gold price targets reaching as high as $6,300 per ounce by 2026. Despite recent market volatility, analysts view the current pullback as a buying opportunity within a long-term bull market. Consequently, Russian investors are rapidly increasing their gold holdings, with trading volumes on the Moscow Exchange surging significantly. Russians are utilizing diverse investment vehicles, ranging from brokerage-based digital assets and ETFs to unallocated metal accounts, to gain exposure to the precious metal.
(Source：BeInCrypto)