JP Morgan CEO Jamie Dimon, speaking at Fortune’s Most Powerful Women conference in Washington, said there is “some logic” in holding gold even at its current record high price. He acknowledged that in the current macro environment, gold “could easily go to $5,000 or $10,000.”
Gold reached record highs above 4,100 per ounce the past week. Dimon also cautioned that asset valuations appear “kind of high across almost everything at this point,”.
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