JPMorgan raises its long-term gold forecast to USD 4,500/oz, keeps its 2026 year-end forecast at USD 6,300/oz

JPMorgan raises its long-term gold forecast to USD 4,500/oz, keeps its 2026 year-end forecast at USD 6,300/oz.

JPMorgan's revised long-term gold forecast suggests a bullish outlook for the precious metal, indicating increased demand or potential supply constraints over time. The significant increase to USD 4,500 per ounce in the long run and a year-end 2026 target of USD 6,300 suggests expectations for persistent inflationary pressures or currency devaluation, which could impact the broader commodities market and USD valuation.