đ J.P. Morgan Sees Gold at $6,300/oz by End of 2026
J.P. Morgan forecasts that gold prices could climb to around $6,300 per ounce by the end of 2026, driven by strong demand from central banks and investors â despite recent volatility that pushed bullion lower.
Key Facts:
⢠J.P. Morgan expects ~800 tonnes of central bank gold purchases in 2026, supporting price strength.
⢠Gold recently slipped to around $4,677/oz following a sharp correction from record highs.
⢠The bank sees continued diversification into real assets (like gold) over paper assets as a long-term driver.
⢠Silver outlook remains more cautious, with structural buyers less present compared to gold.
Expert Insight:
Even with short-term weakness, J.P. Morgan remains bullish on goldâs medium-term trajectory, emphasizing structural demand from official and private sectors. This forecast reinforces goldâs role as a safe-haven and hedge in diversified portfolios.
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