JP Morgan Revises Gold Price, Gives Target of $5,055

Vinod Dsouza
gold price us dollar usd precious metal commodities
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Leading global investment bank JP Morgan on Thursday revised its gold price prediction with a new target of $5,055. The bank wrote in a note to clients that it expects the precious metal to reach the target during the fourth quarter of 2026. The investment bank cited heavy demand from retail investors and central banks from around the world, making a beeline to invest in the glittery metal.

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Gold Prices Would Reach a High of $5,055 in 2026, Predicts JP Morgan

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JP Morgan predicted that central banks’ gold buying spree could reach 566 tonnes per quarter in 2026. The development would lead to a robust increase in value, making the XAU/USD index hit new highs. The index is now sitting comfortably above the $4,100 level on Thursday. The metal is up nearly 57% year-to-date and is among the top-performing assets in the commodity market.

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While gold prices are already at a high, JP Morgan wrote that it could soar further. The current level would be left behind, charting a new price in the coming year. Traders who take an entry position now could still make massive profits by the end of 2026.

“With gold being our highest conviction long all year, we still believe it has even higher to go as we enter into a Fed cutting cycle,” JP Morgan said in a note.

The bullish prediction from JP Morgan indicates that investors’ demand for gold is soaring. It is less likely to cool down due to Trump’s trade wars and tariffs. Therefore, it is seen as a safe haven during financial uncertainties, as a market crash is around the corner. Apart from gold, silver and copper have also spiked dramatically in 2026. Only the US dollar remains bearish as the DXY index is struggling to reach the 100 range.