JP Morgan predicts gold prices will surge to $6,300 per ounce by the end of 2026
JP Morgan expects central bank and investor demand to push gold to $6,300 by late 2026. The bank also raised its long-term price forecast to $4,500 per ounce.
Insights:
JPMorgan Chase & Co. announced on February 25, 2026, that it has revised its gold price targets, forecasting that the precious metal will reach $6,300 per ounce by the end of 2026. The financial institution also raised its long-term gold price forecast to $4,500 per ounce, reflecting a major shift in market expectations for the sector.
JP Morgan identified demand from central banks and investors as the primary drivers behind the revised projections. This sustained interest from both institutional and private sources is expected to push prices significantly higher than previous estimates. By providing a specific timing of end-2026 for its $6,300 target, the bank has updated the broader market expectations for the gold market.
