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JPMorgan forecasts gold to hit $6,300 in 2026 despite sharpest fall since 1980s
JPMorgan expects gold prices to hit $6,300 per ounce by the end of 2026 – despite bullion suffering its sharpest one-day drop since 1983 on Friday. Gold futures fell 0.9% Monday, continuing its descent following news that President Trump plans to nominate former Fed governor Kevin Warsh to lead the Federal Reserve – an expected pick that calmed investor nerves. But JPMorgan expects gold prices to hit $6,300 per ounce by the end of 2026 as investors and central banks continue to buy up the safe-haven asset. The brokerage said it forecasts central bank gold purchases at 800 tons this year. “Even with the recent ... (full story)
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