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Story summary
- Gold fell to $4,569 per ounce, a 14% drop since the U.S.–Iran war began on February 28, as Treasury yields and Prime Minister Narendra Modi’s pause-purchase appeal pressured demand.
- JPMorgan Chase cut its 2026 gold price forecast to $5,243 per ounce from $5,708.
- Goldman Sachs projects about 60 tonnes of purchases for 2026 after central banks bought 244 tonnes in Q1.
- UBS and ANZ set year-end gold targets of $5,900–$6,200 and $5,600.
