Recently, gold has faced a sell-off, with prices plummeting 12% in a single day, but large banks like JP Morgan remain optimistic about it. JP Morgan stated on Monday that the long-term investment outlook for gold is solid, expecting that demand from central banks and investors will drive gold prices up to $6,300 per ounce by the end of the year.
JP Morgan believes that strong demand from investors and central banks will support gold prices, predicting an average quarterly demand of over 700 tons, with gold prices potentially climbing to $6,600 per ounce by 2027. Analysts emphasized that there is still a considerable distance from a structural rise in gold prices due to its own pressure collapse. The long-term upward trend in gold is not linear, and it is currently in a digestion and adjustment phase.
The bank is more cautious about silver, predicting that the gold-silver ratio will further increase in the coming weeks, and that central banks will not structurally buy silver on dips like they do with gold.
Additionally, UBS analyst Giovanni Staunovo expects gold prices to reach new highs above $6,200 per ounce later this year; Deutsche Bank reiterated its forecast of $6,000 for gold prices this year, citing sustained strong demand from investors.
The Chicago Mercantile Exchange Group has raised margin requirements for precious metal futures, with the new rules taking effect after Monday's close. The increase in margin requirements reduces the attractiveness of speculative positions and will force retail investors lacking additional liquidity to reduce their holdings

JP Morgan is optimistic about gold, predicting that the price will rise to USD 6,300 per ounce by the end of the year and may reach USD 6,600 by 2027. Despite a recent 12% drop in gold prices, strong demand from central banks and investors will support gold prices. Analysts point out that the long-term rise in gold is not linear and is currently in an adjustment phase. UBS and Deutsche Bank also hold optimistic forecasts for gold prices, expecting new highs

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Deutsche Bank has an optimistic outlook on gold, expecting it to rise to $6,600 per ounce by 2027