Gold Price Forecast Jpmorgan Eyes Gold Price 8000 Oz Gold Price To

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. Gold prices surged in 2025 due to trade tensions, central bank and ETF demand.

What is the gold price forecast for 2026 and beyond? Gold bounced back above $4,100 this week after a sharp dip, keeping long-term bullish sentiment intact. JPMorgan predicts the metal could surpass $8,000 per ounce by 2028 as investors seek protection against equity and geopolitical risks. Spot gold rose nearly 1% to $4,137, while U.S. futures hit $4,145. The recent dip to $4,003 was due to profit-taking.

Renewed U.S.-China trade tensions and new Western sanctions on Russia have strengthened gold’s safe-haven appeal. Central banks have bought over 1,000 tonnes annually since 2022—more than double the 2016-2021 average. Western investors poured $64 billion into gold ETFs through September 2025, including a record $17.3 billion in September alone. This structural demand supports long-term gains. Western investors have returned to gold in a big way. Year-to-date, $64 billion has flowed into gold ETFs.

September alone recorded a record $17.3 billion inflow, nearly double the previous high set during the 2020 pandemic panic. U.S.-based funds captured $35 billion, surpassing the total 2020 ETF inflows of $29 billion. Global gold ETF holdings reached 3,692 tonnes by August, just 6% below the all-time record of 3,929 tonnes. 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. JPMorgan analysts predict further increases in gold prices, which are already at record highs. This projection is attributed to growing expectations of rate cuts and concerns regarding the independence of the Federal Reserve, according to a Yahoo Finance report. On Wednesday, the price of gold reached unprecedented heights. Gold futures, representing agreements to buy or sell gold at a predetermined price on a future date, surged to a record high, surpassing $3,640 per ounce.

Simultaneously, spot gold, which refers to gold purchased for immediate physical delivery, also saw a significant increase, climbing to a new peak of $3,546 per ounce.

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