🌟 Gold is shining brighter than ever! JPMorgan has updated its forecast, predicting gold could soar to $4,000 per ounce by Q2 2026!
In a recent note, analysts highlighted strong demand from investors and central banks, averaging around 710 tonnes per quarter this year.
Despite a recent dip below $3,300 after hitting over $3,500, the traditional drivers for gold as a safe haven during economic uncertainty remain strong.
However, JPMorgan also warns of potential bearish scenarios, including Fed rate hikes and resilient U.S. economic growth that could impact prices.
Goldman Sachs shares a similar outlook, projecting gold could reach $3,700 by year-end and $4,000 by Q3 2026.
What are your thoughts on gold's future? Let us know! 👇