New Delhi, April 25 -- Global investment banking giant JP Morgan has reaffirmed its bullish stance on gold, projecting it as the most optimal hedge through 2025 and 2026 amid mounting risks of stagflation, recession, currency debasement, and U.S. policy uncertainties.

"For investors, we think gold remains one of the most optimal hedges for the unique combination of stagflation, recession, debasement and US policy risks facing markets in 2025 and 2026.", said the report

The report highlighted the strong momentum in gold prices seen in the first quarter of 2025 as a clear indicator of investor sentiment.

It estimates net gold demand from investors and central banks to average around 710 tonnes per quarter this year, well above the 350-to...