International financial institution JPMorgan has significantly raised its gold price forecast, setting a target of $6,300 per ounce for 2026, representing an approximate 34% increase from the current price of around $4,700. According to the bank’s experts, despite recent market volatility triggered by the nomination of the new Federal Reserve chairman, the long-term trend for gold prices is expected to remain positive. JPMorgan analysts attribute this price increase primarily to rising demand for gold purchases by central banks and investors seeking to diversify their portfolios. They note that limited supply and the inelastic nature of gold are exerting upward pressure on prices, making a price increase inevitable to establish a new market equilibrium.
Furthermore, JPMorgan emphasized that despite potential changes in future monetary policies, gold will maintain its importance as a safe investment and a protective asset within portfolios. However, the bank expressed a cautious outlook on the short-term prospects for silver, estimating that silver prices are unlikely to rise as sharply as gold prices. Gold is traditionally regarded by investors worldwide as a safe haven asset, especially during times of economic uncertainty and financial volatility. Increased gold reserves by central banks could positively influence global market prices. In light of this forecast, investors are advised to cautiously consider investment opportunities in gold.
Source: binance
