Leading investment bank JPMorgan predicts in its latest report on the possibility that gold prices could reach $4,000 a ounce. Gold is one of the most performant assets on the market, and just touched on a $3,500 high earlier this week. A strong profit booking from traders led to prices receding after dropping to a $3,320 level on Thursday.
Despite the short fall, JP Morgan is bullish on gold prices and is confident that he can break the $4,000 milestone. This makes sparkly metals an attractive purchase as they are more likely to generate profits under the current financial environment. Trump’s trade war and tariffs have increased the value of the yellow metal as traders view it as a safe haven.
When will the gold price reach $4,000? JP Morgan has the answer
Global Investment Bank JP Morgan wrote in a recent report that gold prices could reach $4,000 in the second quarter of 2026. “Supporting the forecast for gold prices heading towards $4,000/ounce next year is the central bank’s gold demand, an average of around 710 tons of net this year and the ongoing strong investors and central bank gold demand.” The bank pointed out.
JP Morgan also writes that gold prices will start to skyrocket in the second half of 2025 and that the Bull Run could continue in 2026. The bank writes that price operations in 2025 will serve as a “catch-up window” with a $4,000/ounce forecast through 2026. “More effectively bearishness is a scenario in which US economic growth is highly resilient to tariffs, allowing the Fed to become more aggressive in fighting inflation risk, and markets encourage prices for hiking even before they worry about inflation actually arriving.” The analyst pointed out.
Not only JP Morgan, but even Mike McGrone, a senior commodity strategist at Bloomberg, recently predicted that gold prices would soon be at $4,000. It’s only a matter of time, he said the Xau/USD index gets there in a unique way.
