Jpm Private Forecasts Gold Prices Topping 5 000 In 2026 Bloomberg

Bonisiwe Shabane

-Dec 27, 2025, 7:00 PM

jpm private forecasts gold prices topping 5 000 in 2026 bloomberg

J.P. Morgan forecasts $5,055/oz average by Q4 2026: Know the factors behind price spike Gold prices surged dramatically in 2025, posting gains of over 40% year-to-date by September and reaching around 70% this month. Driven by central bank purchases of the yellow metal, alongside expectations of more Fed rate cuts, spot gold prices hit $4,445.4 per ounce as of December 22, 2025 (3:22:46 AM EST) — up from... The metal shattered records, peaking at $4,381 in October, marking its strongest annual performance in more than 45 years. All told, gold prices are up more than 77% in 2025, and is on pace for its best year since 1979.

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 Prices Prediction 2026: Gold and silver prices on Tuesday rose to a three-week high amid expectations that the potential end of the US government shutdown would restart economic data releases that are likely... According to analysts, gold prices might consolidate for some time before rising further. JPMorgan Private Bank expects gold prices to rise above $5,000 an ounce next year, which is over 20% upside from the current level. Currently, in the international market, Comex gold futures for December delivery rose 0.45 per cent, to $4,140.75 an ounce, while silver futures gained 0.08 per cent to $50.35 per ounce.

In Mumbai, the price of 24-carat gold stood at Rs 1,23,830 per 10 grams, while 22k gold was available at Rs 1,13,510 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,57,100 per kg. Kaynat Chainwala, assistant vice-president (commodity research) of Kotak Securities, said, “Spot gold surged nearly 3% on Monday to a two-week high of $4,116.7 per ounce, buoyed by expectations that the potential end of the... The long-delayed economic data is likely to confirm a slowdown, increasing the odds of further Federal Reserve rate cuts." Markets now price in a 64% chance of a December cut and 77% in January.

“Support (in gold prices) also came from continued strong central bank and investment demand. China’s PBOC added to its reserves for the twelfth consecutive month in October to 74.09 million ounces, while global central banks purchased 220 tonnes in Q3, up 28% from Q2. Global gold ETFs also recorded inflows for the fifth consecutive month, adding 54.9 tonnes in October," he added. 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. source: Bloomberg News | November 10, 2025 | 12:27 pm Markets USA Gold

Gold’s scorching rally is likely to take prices above the $5,000 an ounce mark next year, driven mainly by buying from central banks in emerging-market economies, according to J.P. Morgan Private Bank. Prices could reach $5,200 to $5,300 by the end of 2026, Alex Wolf, the firm’s global head of macro and fixed income strategy, said in an interview. That would be more than 25% higher than where the metal is currently trading. Purchases from central banks have been a key driver in bullion’s ferocious run over the past couple years as policy makers sought a store of value and asset diversification. Prices reached record highs above $4,380 in October before pulling back in recent weeks.

The precious metal is still up more than 50% this year. Gold as part of “forex reserves is still relatively small as an overall percentage” for many central banks, especially in emerging markets, Wolf said. “We still see them adding” even though the pace of buying may moderate because of the gains in prices, he said. 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.

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Jpm Private Forecasts Gold Prices Topping 5 000 In 2026 Bloomberg

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The Chart Below Shows Real-time Gold Spot Prices Tracked By