Gold is soaring at a rapid pace, breaching new price ceilings every day. The metal has now hit a new price spot of $4200, as US trade tensions and shutdowns continue to drive its rally. The current metal rally has compelled experts to weigh in, with JP Morgan’s CEO Jamie Dimon backing gold as an asset worth holding at present times.

Also Read: Gold Futures, ETFs Soar: Boom Ahead or Warning Sign?

Dimon on Gold: $10,000 Possible

Dimon, in his recent interview, shared his views on gold and its soaring rally at present. The CEO of JPMorgan shared how he believes it’s “semi-rational” to hold gold in the current market conditions. Dimon later shared how he thinks gold could hit $10,000 if the present market conditions continued to favor the asset.

“I’m not a gold buyer—it costs 4% to own it,” he said. “But it could easily go to $5,000 or $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio.” As shared by the Investing Live report.

Gold Rally Prospects

The gold price is now aiming for an ever-higher price pedestal. According to Rashad Hajiyev, a leading gold expert, the asset is now aiming for $4300 before it pauses for a temporary consolidation or correction.

“Gold 2-hour chart. Another run underway, which can take gold to $4.3k before it pauses for consolidation/correction?”

In the meantime, safe-haven metal rallies often signal troubling economic times, as highlighted by the Kobeissi letter. With gold and silver forging new price milestones, the shift signals a distressed economic outlook, with investors losing faith in the current fiat system.

“The big question: What are gold and silver really telling us? Gold and silver are now up more than 4 TIMES the S&P 500 in 2025 during one of the S&P 500’s strongest bull runs ever. That is, gold and silver are massively outperforming risky assets during a bull run in those same risky assets. When safe havens are rallying with risky assets, it tells you one thing: confidence in fiat currencies is eroding. And, while deficit spending and rate cuts into stagflation are major drivers of this sentiment shift, we believe there is more to it. The market is pricing in record levels of AI CapEx and what will inevitably become an AI “war” between the US and China. The US will print more money and drive deficits higher with the sole purpose of “winning” the AI Revolution. Gold and silver aren’t just becoming more valuable;Confidence in fiat currencies is collapsing.”

Also Read: BRICS Currency Backed by Gold and XRP Shows Impressive Progress