Jp Morgan See Gold Prices Crossing 4 000 Oz By Q2 2026

JP Morgan see gold prices crossing $4 000/oz by Q2 2026 JP Morgan sees gold prices crossing the $4 000 per ounce milestone next year, following increased recession probabilities amid boosted US tariffs and an ongoing US-China trade war, the bank said in a note... The bank now expects gold prices to reach an average of $3 675/oz by 4Q25, on the way towards above $4 000/oz by 2Q26, with risks skewed towards an earlier overshoot of these forecasts... "Underpinning our forecast for gold prices heading towards $4 000/oz next year is continued strong investor and central bank gold demand averaging around 710 tonnes a quarter on net this year," the bank noted. Spot gold, which has gained 29% and hit 28 record highs this year, touched the $3 500 per ounce milestone for the first time on Tuesday. Earlier this month, Goldman Sachs raised its end-2025 gold price forecast to $3 700/oz from $3 300, noting that in "extreme tail scenarios," gold could plausibly trade near $4 500/oz by end-2025.

JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards above $4,000/oz by 2Q26, with risks skewed towards an earlier overshoot of these forecasts if demand... "Underpinning our forecast for gold prices heading towards $4,000/oz next year is continued strong investor and central bank gold demand averaging around 710 tonnes a quarter on net this year," the bank noted. Spot gold, which has gained 29% and hit 28 record highs this year, touched the $3,500 per ounce milestone for the first time on Tuesday. Earlier this month, Goldman Sachs raised its end-2025 gold price forecast to $3,700/oz from $3,300, noting that in "extreme tail scenarios," gold could plausibly trade near $4,500/oz by end-2025.

In terms of a potential bearish case for gold, an unexpected drop off in central bank demand remains the biggest fundamental risk, the bank said. JP Morgan forecasts gold prices to exceed $4,000/oz by 2Q26 Central bank demand crucial for gold price stability, JP Morgan notes Silver faces near-term headwinds, expected to rise by 2025-end... JP Morgan forecasts gold prices to exceed $4,000/oz by 2Q26 Central bank demand crucial for gold price stability, JP Morgan notes Silver faces near-term headwinds, expected to rise by 2025-end. JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards above $4,000/oz by 2Q26, with risks skewed towards an earlier overshoot of these forecasts if demand...

The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards above $4,000/oz by 2Q26, with risks skewed towards an earlier overshoot of these forecasts if demand... "Underpinning our forecast for gold prices heading towards $4,000/oz next year is continued strong investor and central bank gold demand averaging around 710 tons a quarter on net this year," the bank noted. Spot gold, which has gained 29% and hit 28 record highs this year, touched the $3,500 per ounce milestone for .....

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