Feb. 2 at 4:49 PM
$GLDG $GROY $USGO raised its YE26 gold forecast, saying it expects the yellow metal to reach
$6,300 a troy ounce as the longer-term investment case remains intact, supported by structural diversification into real assets.
“While the dust has yet to fully settle from last week, it has not derailed our structural bullish view on gold. This long-term rally in gold has not changed and will not be linear, so for now we once again digest, reset, repeat.”
JPM expects prices to be underpinned by exceptionally strong demand from investors & central banks, forecasting avg quarterly demand of more than 700 metric tons; projecting gold could climb toward
$6,600/oz in 2027
Central-bank buying remains supported by continued reserve diversification, while investors continue to view gold as a multifaceted portfolio hedge amid concerns ranging from US debt sustainability & USD weakness to inflation, stretched equity valuations, geopolitical risks uncertainty around US trade
