Gold Will Be Bullish Jp Morgan

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Gold Will Be Bullish Jp Morgan

Gold Will Be Near $4250 In 2026

Gold acted as if it were a roller-coaster and wiped out a lot of money from the markets. It all started with a sharp decline from highs, and eventually, Gold declined to $3,300.

After that, Gold recovered again and is seen above the $4000 handle. But according to JP Morgan, the Gold prices will still be near $4250 in 2026.

Central Banks Will Buy More Gold

So in a sense, it seems that the JP Morgan forecast shows that we may not get some big movements in Gold next year. By the end of 2025, JP Morgan has set a target of $3675 for Gold, which is bearish based on the current prices.

By the end of Q2 2026, JP Morgan eyes $4,000 as the next possible level for the Gold prices. And by the end of 2026, Gold prices will be around $4250.

The bank thinks that Gold will remain one of the best safe-haven assets even in 2026. According to them, Gold is the only asset that offers protection from recession, stagflation, debasement, & any other risks.

JP Morgan added that there are substantial fears that the US will go through a recession in 2026. They also expected rapid rate cuts by the Federal Reserve. Another thing that supports a bullish US Dollar is the selling of the US treasuries.

JP Morgan also commented on how the Gold buying from the central banks will continue next year. They made it clear that the buying will be at a level that supports the Gold prices above $4K.

As for the Russia and Ukraine issue, JP Morgan doesn't expect any ceasefire for now. So, that means we can expect continued trade tensions between Russia and the USA.

Also, the trading partners of Russia will come under pressure to end their trade ties. So, that's also something that will affect the Gold prices in the year 2026.

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