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
The correction on global markets has intensified: gold has fallen sharply after recent record highs, Bitcoin has dropped to around $84,000, and the US stock market is also declining amid a sell-off in the technology sector.
According to Reuters, the spot price of gold fell more than 4% on Thursday as investors took profits after a surge to historic highs, with prices falling to around $5,150 per ounce.
Bitcoin, at current prices, is down about 5% to $85,000, with the day’s low at around $84,350.
In the US, indices also fell into negative territory: the S&P 500 was down about 1.1%, and the Nasdaq fell 2.1%, with pressure on the market coming in particular from a sharp drop in Microsoft shares after its earnings report. The decline is also confirmed by the dynamics of the SPDR S&P 500 ETF (SPY), which lost about 1% on Thursday.
The spot price of gold exceeded $5,000 per troy ounce for the first time on Monday amid growing demand for safe-haven assets. As of 8:02 a.m., the spot price of gold rose 1.8% to $5,078.54 per ounce, reaching $5,093.05 per ounce during the session.
The price is supported by fears of another US government shutdown and the weakening of the dollar: the DXY index, which reflects the dynamics of the US currency against six major world currencies, is down 0.5%.
Since the beginning of the year, gold has risen in price by 15.5%.
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
The spot price of silver exceeded $100 per ounce for the first time in history on Friday amid rising demand for safe-haven assets.
At 7:10 p.m. CST, it rose 4.6% to approximately $100.67 per ounce, reaching $100.91 per ounce during the session.
The spot price of gold also set a new record and is approaching $5,000 per ounce. At 19:11 CEST, it rose 1% to $4,984.33 per ounce, slightly down from its intraday and historic high of $4,988.33 per ounce.
Since the beginning of the year, silver has risen in price by 39.4% and gold by 14.3%.
Gold and silver prices hit new highs on Monday amid increased demand for safe-haven assets due to the situation surrounding Greenland.
Traders fear that increased pressure from US President Donald Trump, who is laying claim to Greenland, will provoke a large-scale trade war between the US and Europe.
On Saturday, Trump announced that he would impose 10% tariffs on a number of European countries that support Denmark and Greenland starting in February. From June 1, 2026, the tariffs for these countries will be 25% and will remain in effect “until an agreement is reached on the full purchase of Greenland by Washington,” Trump said.
European countries are ready for a coordinated response to the introduction of US tariffs, said European Commission President Ursula von der Leyen. According to the Financial Times, EU countries are considering imposing tariffs on US goods worth €93 billion or a series of restrictions on American companies.
The trade tensions surrounding Greenland are different from last year’s situation with the US imposing large-scale tariffs, notes Charu Chanan, chief investment strategist at Saxo Markets in Singapore.
“The use of tariff threats within NATO is a kind of blow to confidence that could provoke a more persistent risk premium on asset values,” she says.
The spot price of gold rose 1.6% to $4,670.47 per ounce by 9:30 a.m. on Monday, while silver rose 3.4% to $93.1755 per ounce. During the session, the price of gold rose to a record $4,690.59 per ounce, and silver to $94.1213 per ounce.
“Geopolitical risks are intensifying,” said Kyle Rodda, an analyst at Capital.com Inc. in Melbourne. “New trade uncertainty is clouding the growth outlook, and US foreign policy is undermining confidence in the dollar. This is the perfect set of conditions for gold and silver prices to rise.”
US stock index futures are down 0.8-1.3% on Monday. Trading activity on the futures market is weak as US exchanges are closed for the Martin Luther King Jr. holiday.
Reference: The Experts Club analytical center previously released a video analysis of the twenty largest silver-producing countries and their competition for leadership in 1971-2024 – https://www.youtube.com/shorts/HvKK-YET8vs
The Experts Club also previously presented an analysis of the world’s leading gold-producing countries — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA
The spot price of gold set a new record during trading on Monday.
As of 8:22 a.m. Kyiv time, it stood at $4,574.77 per ounce, up 1.5% from the previous session’s close. Earlier in trading, the spot price of gold rose to $4,599.87 per ounce, a record high.
Gold futures on the Comex exchange added 1.9% to $4,586.5 per ounce.
Other precious metals are also rising in price. The spot price of silver rose 5.5%, platinum 3.5% and palladium 3.2%.
Demand for precious metals is being driven by heightened geopolitical risks and concerns about the independence of the US Federal Reserve (Fed), which have been exacerbated by news that the US Department of Justice is preparing criminal charges against Fed Chairman Jerome Powell.
According to Powell, the charges are related to his statements during a speech to the Senate Banking Committee in June last year on the long-term project to renovate the Fed’s headquarters.
‘These unprecedented actions should be viewed in the broader context of threats and ongoing pressure from the US administration,’ Powell said.
In addition, the United States continues to monitor the protests in Iran and is considering various options for action, US President Donald Trump said.
When asked how Washington would respond if Iran attacked American military bases, the president said, ‘We will strike them with a magnitude they have never experienced before.’
Trump also repeated his threats to take control of Greenland.
