JP Morgan forecast gold prices above US$4K by Q2 2026

Reuters convey the info from a JP Morgan note:

• forecast gold prices above US$4,000 per ounce by 2026
• average $3,675/oz by 4Q25
• risks skewed towards an earlier overshoot of these forecasts if demand surpasses its expectations
• “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,”
• an unexpected drop off in central bank demand remains the biggest fundamental risk

This article was written by Eamonn Sheridan at www.forexlive.com.