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Informist, Wednesday, Feb. 25, 2026

 

MUMBAI – JP Morgan expects gold prices to reach $6,300 per ounce by the end of 2026, primarily because of strong demand from central banks and investors. The global investment bank has also raised its long-term gold price forecast by 15% to $4,500 per ounce, it said in a report Wednesday.

 

"JPM Commodities Research (led by Greg Shearer) remain firmly bullish on gold prices over 2026 and still see a continued, structural diversification trend that has further to run amid a still well-entrenched regime of real asset outperformance vs paper assets," according to the report. They still see investor demand coming in stronger than their previous expectations.

 

The bank's earlier framework assigned relatively low weightings to scenarios involving "a paradigm shift in reserve currencies" and "increased international investor diversification into gold". It now sees increased buying by central banks and countries shifting their revenue bases away from the dollar and into the Chinese renminbi, the report said.

 

At 1609 IST, the April gold futures on COMEX was 0.3% higher at $5,194.0 per ounce.  End

 

US$1 = INR 90.95

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Ashutosh Pati

Edited by Saji George Titus

 

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