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JP Morgan see gold prices crossing $4 000/oz by Q2 2026
JP Morgan sees gold prices crossing the $4 000 per ounce milestone next year, following increased recession probabilities amid boosted US tariffs and an ongoing US-China trade war, the bank said in a note on Tuesday. The bank now expects gold prices to reach an average of $3 675/oz by 4Q25, on the way towards above $4 000/oz by 2Q26, with risks skewed towards an earlier overshoot of these forecasts if demand surpasses its expectations.
JP Morgan sees gold prices crossing the $4 000 per ounce milestone next year, following increased recession probabilities amid boosted US tariffs and an ongoing US-China trade war, the bank said in a note on Tuesday.
The bank now expects gold prices to reach an average of $3 675/oz by 4Q25, on the way towards above $4 000/oz by 2Q26, with risks skewed towards an earlier overshoot of these forecasts if demand surpasses its expectations.
