A New High Gold Price Predictions From J P Morgan Global Research

Bonisiwe Shabane

-Dec 27, 2025, 4:39 PM

a new high gold price predictions from j p morgan global research

Gold prices surged in 2025 due to trade tensions, central bank and ETF demand. What is the gold price forecast for 2026 and beyond? Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news... He has a Bachelor's degree Specialization in Journalism from Concordia University.

You can reach Ernest at 1-514-670-1339. Listen to this article in summarized format (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates.

The price of gold has been on a tear in recent years and could reach astronomical heights by the end of the decade if foreign investors shift away slightly from the U.S., according to... In a note on Wednesday, they laid out a scenario where gold would hit $6,000 per ounce by 2029, an 80% jump from the current price of about $3,300. If just 0.5% of foreign-held U.S. assets are reallocated to gold, that would result in 18% annual returns and eventually send prices to $6,000, JPMorgan estimated. That’s because the supply of gold isn’t expanding by much, meaning that a relatively minuscule boost in demand can create a big price swing. “While hypothetical, this scenario illustrates why we remain structurally bullish gold and think prices have further to run,” analysts wrote.

Gold entered 2026 at levels few institutions believed possible just two years earlier. An extraordinary 2025 rally driven by aggressive central-bank buying, persistent geopolitical tension, and expectations of monetary easing pushed prices to all-time highs above $4,300 per ounce and forced banks to rewrite their outlooks. This article consolidates the most authoritative projections from major banks and respected analysts, along with the relevant forward-looking forecasts from earlier institutional research, so you can track how projections have changed over time. The chart below shows real-time gold spot prices tracked by Lear Capital and updated throughout the trading day. Before gold accelerated far beyond expectations, several institutions issued more conservative targets. Some of these remain useful as reference points that illustrate how sharply sentiment has changed.

These earlier forecasts now read like the first chapter in a much larger price repricing. By the end of 2025, gold had sailed past $4,000, prompting an industry-wide reset of forward expectations. JP Morgan has made a bold prediction about the future of gold prices. The financial giant forecasts gold could reach an unprecedented price of $4,000 per ounce by mid-2026. This forecast is primarily driven by growing recession concerns, increased US tariffs, and escalating trade tensions between the US and China. In its latest report, JP Morgan stated these factors are expected to trigger a sustained rally in the price of gold.

JP Morgan predicts gold will average $3,675 per ounce by Q4 2025. The bank also noted prices could hit the $4,000 mark sooner if investor and central bank demand remains robust. This year alone, spot gold has already surged by 29%, reaching an all-time high of $3,500 per ounce on April 22. Goldman Sachs has also turned more bullish on gold prices. The bank recently upgraded its 2025 year-end forecast from $3,300 to $3,700 per ounce. In an extreme case, Goldman Sachs even said that gold could hit $4,500 by the end of next year.

This bullish outlook is similar to JP Morgan's predictions about the future course of gold prices. A major reason behind JP Morgan's prediction is the robust buying from investors and central banks. The bank expects net gold demand to average at around 710 tons per quarter this year. However, JP Morgan also noted risks to its forecast. If central bank demand weakens or the US economy copes better than expected with tariff shocks, it could see a more hawkish US Federal Reserve, possibly rate hikes. Along with gold, JP Morgan also offered a forecast for silver prices.

The bank expects silver to face short-term headwinds from weak industrial demand. However, it expects a recovery in the second half of 2025, with prices expected to rise toward $39 per ounce by year-end. This prediction shows a silver lining despite the current market conditions. Gold just hit its 50th record high of 2025, blasting through $4,500. Silver is surging in Shanghai on relentless Chinese buying. Platinum’s breaking records on supply constraints and an EU policy reversal.

Meanwhile, economists are pushing back on rosy GDP numbers — and warning of stagflation ahead. Gold topped $4,500 for the first time Wednesday, capping a 70% rally in 2025. Silver surged 150% while platinum hit levels not seen since 2008. The precious metals boom comes as the White House pushes for more Fed rate cuts, the labor market sends mixed signals, and Vanguard urges investors to flip their portfolios. Silver is setting up for one of the most consequential moves in decades. With global stockpiles vanishing, industrial demand surging, and the gold-to-silver ratio flashing historic signals, Mike Maloney explains why many investors are asking a serious question: will silver hit triple digits — and how close...

Daily News Nuggets | Today’s top stories for gold and silver investors December 23rd, 2025 Silver Breaks $70 as Industrial Demand Roars Back Spot silver surged past $70/oz for the first time ever, capping... Solar manufacturing, EV components, and electronics are driving the surge — and some refiners say they’re running at full capacity while miners struggle to keep pace after years of underinvestment. Silver is behaving less like a sleepy precious metal and more like a high-beta industrial barometer. When manufacturing demand collides with safe-haven buying — especially during currency volatility — moves like this happen. If silver holds above Gold ETFs offer convenience, but that ease comes with hidden risks.

From counterparty exposure to frozen redemptions, this breakdown shows why physical gold offers true ownership and real crisis protection.

A New High Gold Price Predictions From J P Morgan Global Research

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