Live Updates > Live Update Details
2025-10-23 21:06:02
Gold Soars to $5,055? JPMorgan Chase Makes a Shocking Prediction] ⑴ JPMorgan analysts released a report on Thursday, maintaining their bullish stance on gold, predicting that the gold price will average $5,055 per ounce by the fourth quarter of 2026. ⑵ This forecast is based on a demand assumption, predicting that investor demand and central bank gold purchases will remain at approximately 566 tons per quarter in 2026. ⑶ JPMorgan Chase's Head of Global Commodities Strategy emphasized that gold remains the most confident long position this year, and as the Federal Reserve embarks on a rate cut cycle, gold prices have further room to rise. ⑷ The head of strategy noted that the Fed's rate cuts, coupled with concerns about stagflation, concerns about the Fed's independence, and demand for hedging against currency devaluation risks, are all supporting gold's strength. ⑸ Regarding the US dollar, the firm believes the current rebound is not driven by a de-dollarization or currency devaluation narrative, but rather a diversification story – overseas holders are gradually shifting a small amount of assets into gold. ⑹ Analysts believe the recent market consolidation is a healthy correction, and the pullback reflects the market digesting the rapid gains since August. ⑺ The head of strategy explained that "panic is normal when prices fluctuate rapidly... This is essentially the clear logic of many buyers and few sellers." ⑻ She reiterated the long-term target of $6,000 by 2028, emphasizing that gold trends should be viewed from a multi-year perspective. ⑼ Spot gold has reached several new all-time highs this year, reaching a peak of $4,381.21 on Monday, a year-to-date increase of nearly 57%, and is expected to achieve its strongest annual performance since 1979.
