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JP Morgan raises long-term gold price forecast to $4,500
JP Morgan raised its long-term forecast for gold prices to $4,500 an ounce on Wednesday while keeping its 2026 year-end forecast at $6,300. Spot gold has risen by about 20 per cent this year, hitting a three-week high of $5,248.89 an ounce on Tuesday. It hit a record peak of $5,594.82 on January 29. That followed a 2025 surge of more than 64 per cent in the metal widely regarded as a safe-haven investment. The bank noted that it remains firmly bullish on gold prices through 2026 and still sees a continued structural diversification trend into the metal, which it says has further room to run. It added that it ... (full story)
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- Feb 25, 2026 10:18am Posted byFundamental Analysis317
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