JP Morgan says weaker demand may cap gold gains near-term, sees rebound in late 2026 and 2027
JP Morgan says weaker demand may cap gold gains near-term, sees rebound in late 2026 and 2027
Fri, July 3, 2026 at 5:34 PM UTC
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July 3 (Reuters) - JPMorgan said on Friday that softer buying from key demand sectors and gold's renewed sensitivity to real yields could keep prices range-bound in the near term, though it expects a recovery in the second half of 2026, with prices averaging $4,300/oz in the third quarter and $4,500/oz in the fourth quarter.
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The bank retained a long-term bullish view, saying gold could extend gains in 2027 as central bank purchases and physical demand strengthen amid enduring structural drivers of accumulation.
(Reporting by Pranav Mathur in BengaluruEditing by Matthew Lewis)
Source: “AOL Money”
