Reuters convey the info from a JP Morgan note:
- forecast gold prices above US$4,000 per ounce by 2026
- average $3,675/oz by 4Q25
- risks skewed towards an earlier overshoot of these forecasts if demand surpasses its expectations
- “Underpinning our forecast for gold prices heading towards $4,000/oz next year is continued strong investor and central bank gold demand averaging around 710 tonnes a quarter on net this year,”
- an unexpected drop off in central bank demand remains the biggest fundamental risk
This article was written by Eamonn Sheridan at www.forexlive.com.
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