Reuters reported, citing an analytical note from JPMorgan Chase, that the bank expects gold prices to rise to $6,300 per ounce by the end of 2026, despite a sharp correction in the precious metals market.
According to the bank’s assessment, the key drivers will remain steady demand from central banks and investors, as well as the trend toward diversifying reserves in favor of real assets and reducing dependence on the US dollar. In particular,
JPMorgan Chase expects central bank gold purchases to total around 800 tons in 2026.
At the same time, gold fell 9.8% on January 30, the sharpest decline since 1983, and the decline intensified after the CME Group raised margin requirements in the spot market. On February 2, prices reportedly fell to $4,677.17 per ounce after hitting a record high of $5,594.82 last week.
Separately, Deutsche Bank AG confirmed its gold price forecast of $6,000 per ounce by the end of 2026, also linking growth potential to continued demand from the official sector and investors.
Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA
