JP Morgan Forecasts Gold Price to Reach $6,300 by End of 2026

JP Morgan forecasts that gold prices will rise to $6,300 per ounce by the end of 2026, driven by strong demand from central banks and investors. This outlook was shared in a note released on Wednesday, where the investment bank also increased its long-term price forecast for gold to $4,500 per ounce.

According to JP Morgan, the growing demand for gold from global central banks, alongside sustained investor interest, will continue to push the precious metal’s price higher in the coming years. The bank’s updated forecast reflects expectations of a robust and prolonged upward trend in the gold market.