Gold Is JPMorgan’s Top Pick in Commodities With Price Eyeing $2,500

Gold is the No. 1 pick in commodities markets for JPMorgan Chase & Co. and the price has the potential to reach $2,500 an ounce this year, according to the bank’s global head of commodities research.

“We believe that $2,500 is a possibility” after bullion reached an all-time high of $2,195.15 on Friday, Natasha Kaneva said during a Bloomberg TV interview. “Because the market tends to get overexcited.”