Gold prices held regular on Tuesday (September 23) after reaching document highs, however JPMorgan Chairman and CEO Jamie Dimon warned the rally could possibly be a part of a broader bubble throughout asset courses.
Spot gold was buying and selling at $3,743.39 per ounce as of 0238 GMT, after climbing to an all-time excessive of $3,759.02 an oz earlier within the session. US gold futures for December supply edged up 0.1% to $3,779.50 an oz.
The transfer comes because the US greenback index slipped 0.1%, making gold cheaper for abroad buyers.
At the sidelines of the JPMorgan India Investor Conference in Mumbai, Dimon mentioned optimism in international markets has been driving asset prices to historic ranges.
“We’re getting in bubble stuff here. I’m not saying I don’t know where we are, but there’s a lot of positive sentiment out there driving a lot of asset prices — highest stock prices ever, highest gold ever, highest crypto ever,” Dimon advised CNBC-TV18.
Dimon’s cautionary be aware comes amid sturdy investor demand for safe-haven belongings and expectations that the US Federal Reserve will proceed easing coverage.
The Fed final week lower charges by 25 foundation factors, citing labour market circumstances, and hinted at additional cuts, although policymakers stay divided on inflation dangers.
Market analysts stay watchful of near-term corrections.
“The short-term trend is still bullish intact, but on an intraday basis, we do expect a short-term pullback more due to technical factors,” mentioned Kelvin Wong, senior market analyst at OANDA.
He pegged key assist ranges at $3,710 and $3,690 an oz, as per Reuters report.
Investors are actually awaiting Fed Chair Jerome Powell’s speech in a while Tuesday (September 23) for contemporary cues. Meanwhile, inner Fed debate continues.
Newly appointed Governor Stephen Miran mentioned that the central financial institution is misjudging the tightness of financial coverage and dangers hurting jobs with out aggressive cuts — a stance at odds with colleagues urging warning on inflation.
(Edited by : Amrita)
First Published: Sept 23, 2025 9:10 AM IST