University of Kwazulu-Natal

Jp Morgan Predicts Gold Prices Could Hit 4 000 By 2026

Bonisiwe Shabane
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jp morgan predicts gold prices could hit 4 000 by 2026

Gold prices surged in 2025 due to trade tensions, central bank and ETF demand. What is the gold price forecast for 2026 and beyond? In a note released recently, JPMorgan has predicted that the price of gold could surpass $4,000 per ounce in the coming year. This forecast is based on the bank’s assessment of heightened recession risks, which are being fueled by escalated US tariffs and the continuing trade conflict between the US and China, Reuters quoted the bank... The bank’s analysis suggests that these ongoing trade tensions and the potential for a global economic downturn are likely to increase the demand for safe-haven assets, such as gold. As investors seek to protect their wealth from market volatility and economic uncertainty, the price of gold is expected to rise significantly, potentially reaching the $4,000 mark.

JPMorgan has revised its gold price forecast upwards, and now anticipates that gold will average $3,675 per ounce by the fourth quarter of 2025. 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.

Disclosure: We are reader-supported. If you purchase from a link on our site, we may earn a commission. Learn more Last Updated on: 17th December 2025, 11:46 pm Gold has already had a historic run, and now the big question is whether 2026 becomes the year gold consolidates above $4,000 or makes a serious push toward $5,000 per ounce. As of writing this article, spot gold was around $4,317/oz (after printing new all-time highs earlier in the year).

Multiple major banks and research firms now expect 2026 to be strong, but not necessarily “straight up.” If you want a plain-English walkthrough of how people use physical precious metals (including Gold IRAs) as part of a retirement plan, you can request Noble Gold’s free 2026 Gold & Silver Investing Kit. Affiliate disclosure: If you request the kit through our link, we may earn a commission. This does not affect the price you pay (it’s free).

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