Jamie Dimon Says $10,000 Gold Is Possible

By Rob Bates | October 17, 2025

Gold could “easily go to $5,000 or $10,000 in environments like this,” JPMorgan Chase CEO Jamie Dimon told Fortune editor-in-chief Alyson Shontell at the publication’s 2025 Most Powerful Women Summit in Washington, D.C., on Tuesday.

Dimon has traditionally been considered a gold skeptic. However, at Fortune’s conference, he said, “This is one of the few times in my life where it’s semi-rational to have some [gold] in your portfolio.”

Regardless, Dimon said he doesn’t personally hold bullion, because “it costs 4% to own it.”

He added that while gold valuations are high right now, that’s true about “almost everything at this point.”

Dimon’s remarks came in a week when gold crossed multiple milestones. It hit $4,100 on Monday and $4,200 on Wednesday, then soared past $4,300 on Thursday.

After reaching a new record of $4,371 an ounce, the spot price of gold has settled down, to $4,244 at press time.