Gold Price: In the coming days, the price of gold can increase with a record breaking rapidly. JP Morgan said in his forecast that by mid -2026, the price of gold can cross 4 thousand dollars per ounce. The bank recently said in a note that the concerns of the growing recession, the high tariffs installed by the US and the growing trade tension between the US and China are expected to increase the yellow metal continuously.
JP Morgan believes that the average price of gold will be $ 3,675 an ounce by the fourth quarter of 2025. He said that if the demand for investors and central banks remain strong, then prices can touch the level of $ 4,000 before. So far this year, there has already been a rise of 29% in spot gold. On April 22, gold reached an all -time high of $ 3,500 an ounce.
Goldman Sachs is also now adopting a faster stand, which has recently increased its forecast of the last 2025 from $ 3,300 to $ 3,700 an ounce. The bank says that in an extreme position, gold can also reach $ 4,500 by the end of next year.
Actually, a major factor behind this forecast of JP Morgan is a strong purchase from investors and central banks. The bank hopes that this year the demand for pure gold will be around 710 tonnes per quarter. Experts wrote, “Our forecast for moving gold prices to $ 4,000 an ounce next year is a strong demand for investors and central banks. Which is purely about 710 tonnes per quarter this year.”
Nevertheless, JP Morgan has also indicated in his forecasts towards potential negative risks. If the demand of central banks is weak or if the American economy faces tariffs better than anticipated, the fed can adopt a more aggressive stance – potentially raising interest rates.
The bank warned, “The more importantly the landscape of the recession will be where the US economic growth remains incredibly flexible to tariffs, which can make the fed far more active in dealing with the risks of inflation, which will make the market feared an increase in rates before real worrying inflation comes.”
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