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JP Morgan Predicts Gold Surging to $6,300 by 2026

2/2/2026

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Summary

Story summary

JP Morgan forecasts gold at $6,300 per ounce by end-2026 due to central bank and investor demand.
As of February 2, gold traded at $4,677.17 per ounce after a record high of $5,594.82.
The firm expects central banks to purchase 800 tons of gold this year.
Silver prices dropped to $78.90 per ounce from $121.64, and JP Morgan notes that without central bank support silver may face volatility.

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Story summary

JP Morgan forecasts gold at $6,300 per ounce by end-2026 due to central bank and investor demand.
As of February 2, gold traded at $4,677.17 per ounce after a record high of $5,594.82.
The firm expects central banks to purchase 800 tons of gold this year.
Silver prices dropped to $78.90 per ounce from $121.64, and JP Morgan notes that without central bank support silver may face volatility.