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Story summary
- Banks called gold a buy after it fell 20% to $4,477 on June 4 2026.
- JPMorgan set a $6,300 year-end target, with other banks seeing $5,400-$6,300.
- Central banks bought 66 tonnes in January and aim for 800-950 tonnes of gold in 2026.
- The Federal Reserve cut rates three times in late 2025 to 3.75% while markets assign about a 50% chance of a year-end hike.
