US EditionJ.P. Morgan Expects Gold Prices to Reach $6,300/oz by End of 2026
J.P. Morgan expects robust central bank buying of 800 tons and sustained investor demand to drive gold to $6,300 by end of 2026 despite recent sharp volatility.
- On Feb 2, J.P. Morgan projected gold would reach $6,300 per ounce by year-end 2026 in a late Sunday note amid global gold market volatility.
- Robust official-sector buying, the bank argues, is an ongoing structural trend as central banks purchased roughly 863 tonnes in 2025, with J.P. Morgan projecting 800 tons in 2026 amid reserve diversification away from the U.S. dollar.
- After COMEX raised margins, gold from 6% to 8%, traders posted extra collateral, and bullion plunged more than 9.8% on January 30, extending into Monday with spot gold at $4,401.
- Major banks recommended treating the selloff as a buying opportunity for sophisticated buyers, with abrdn Physical Precious Metals Basket Shares ETF up 13.74% year-to-date and physical bar and coin sales surging.
- Supply constraints mean sustained demand would likely drive prices higher as gold mining sector reacts slowly, while record government debt and geopolitical risks plus a 0.5% reallocation could lift prices toward $6,000.
12 Articles
12 Articles
Gold Rate Today: JPMorgan and Deutsche Bank Signal Major Gold Buying Opportunity After 11% Crash
Wall Street's biggest banks are telling investors to treat Friday's brutal gold crash as a gift, not a catastrophe. The precious metal plummeted over 11 per cent in a single day after President Trump nominated Kevin Warsh to lead the Federal Reserve — but rather than capitulate, JPMorgan and Deutsche Bank are doubling down with even more bullish forecasts.Gold futures tumbled from their all-time highs near $5,600 to settle around $4,745 per ounc…
Gold's longer-term investment case intact despite pullback, J.P. Morgan says with view to $6,300
Gold's recent selloff has not deterred the optimism for the metal at JPMorgan, which said it expects demand from central banks and investors to drive gold prices to $6,300/oz by year-end.
Why JPMorgan says gold prices can recover and surge 34% by the end of the year
Sven Hoppe/picture alliance via Getty ImagesGold prices tanked on Friday, but one major bank is staying bullish on the yellow metal. JPMorgan predicts a gold will spike to $6,300 per ounce by year-end 2026.Analyst Gregory Shearer is bullish on gold despite recent market volatility.The chart for gold might look pretty scary after last week's plunge, but JPMorgan says investors shouldn't bail on the yellow metal. Gold prices plunged on Friday afte…
JP Morgan Shrugs Off Gold Crash, Sets A New Higher Target - SPDR Gold Shares (ARCA:GLD), abrdn Physical Precious Metals Basket Shares ETF (ARCA:GLTR)
JP Morgan has reiterated a firmly bullish outlook for gold, even after precious metals suffered one of their sharpest selloffs in decades. In a note released late Sunday, the U.S. investment bank said it sees $6,300 per ounce by year’s end, noting that the reasons behind the recent move higher remain intact. “We remain firmly bullishly convinced in gold over the medium-term on the back of a clean, structural, continued diversification trend that…
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