Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Gold gains as a portfolio hedge amid central bank demand and geopolitical risks, with J.P. Morgan eyeing $5,000/oz.

Market News
08 Jul 2026
Forbes
View Source
Bullish
pluang ai news

Gold's rally is driven by strong central bank purchases, especially from emerging markets diversifying from the dollar, and increased investor interest through ETFs. J.P. Morgan forecasts gold could reach $5,000 per ounce, supported by institutional buying, expected Federal Reserve rate cuts, and ongoing geopolitical tensions. Gold serves mainly as a tail-risk hedge against financial stress and geopolitical crises rather than a consistent inflation hedge, making it valuable during market uncertainty. Investors can choose physical gold, futures, or mining stocks, typically allocating 5% to 15% of their portfolio for protection, with current conditions lowering the opportunity cost of holding gold.

More News

Class action lawsuit filed over Megan Holdings' alleged misleading IPO disclosures causing investor losses.

Class action lawsuit filed over Megan Holdings' alleged misleading IPO disclosures causing investor losses.

A securities class action lawsuit has been filed against Megan Holdings Limited by investors who purchased shares during its September 2025 IPO or between September 2025 and May 2026. The lawsuit alleges the company made false and misleading statemen...

Market News
Bearish
1 hour ago
Capital Power signs 10+ year deal to supply 250 MW to Meta's Alberta data centre by 2028

Capital Power signs 10+ year deal to supply 250 MW to Meta's Alberta data centre by 2028

Capital Power Corporation has entered a long-term energy supply agreement to provide 250 megawatts of power to Meta's new data centre in Sturgeon County, Alberta, expected to be operational in late 2028. This deal strengthens Capital Power's position...

Market News
Bullish
1 hour ago
Banco Comercial Português sets provisions for legal risks on FX mortgage loans at Bank Millennium in Q2 2026

Banco Comercial Português sets provisions for legal risks on FX mortgage loans at Bank Millennium in Q2 2026

Banco Comercial Português, S.A. announced it has made estimated provisions in the second quarter of 2026 to cover legal risks associated with foreign currency mortgage loans held by its subsidiary, Bank Millennium, S.A. This move addresses potential ...

Company Fundamentals
Bearish
1 hour ago
Banco Comercial Português sets 2Q 2026 provisions for legal risks on Bank Millennium's foreign currency mortgage loans

Banco Comercial Português sets 2Q 2026 provisions for legal risks on Bank Millennium's foreign currency mortgage loans

Banco Comercial Português, S.A. announced its estimated provisions for the second quarter of 2026 related to legal risks from Bank Millennium's portfolio of foreign currency mortgage loans. This move reflects the bank's precautionary measures to cove...

Market News
Bearish
1 hour ago
Halper Sadeh LLC investigates fairness of recent deals for CRNX, ESI, INVE, and SLP shareholders.

Halper Sadeh LLC investigates fairness of recent deals for CRNX, ESI, INVE, and SLP shareholders.

Halper Sadeh LLC is investigating whether shareholders of Crinetics Pharmaceuticals, Element Solutions, Identiv, and Simulations Plus are receiving fair treatment in recent sales and asset transactions. The firm suspects insiders may gain financial b...

Market News
Bearish
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App