Dimon Predicts 8% Interest Rates in Uncertain Global Economy - Could Gold Reach $3,000?
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J.P. Morgan's CEO, Jamie Dimon, raises concerns about the sustainability of the U.S. economic boom, pointing to factors such as fiscal spending, the green economy, remilitarization, and global trade restructuring. Dimon believes the odds of the Federal Reserve's success in avoiding a recession are lower than what is currently priced in and suggests that interest rates could rise to over 8% in the coming years. Gold prices have reached record highs as central banks, including China's, increase their gold reserves. The surge in gold prices reflects growing unease among investors about potential economic challenges in the future.
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