JPMorgan Chase expects gold to break the $4,000 mark in the second quarter of 2026
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JPMorgan Chase expects that the likelihood of an economic recession will increase due to U.S. tariffs and the China-U.S. trade war, with gold prices expected to surpass $4,000 per ounce in the second quarter of 2026. The bank forecasts that the average gold price will reach $3,675 per ounce in the fourth quarter of 2025, noting that strong demand from investors and central banks is the main factor supporting the rise in gold prices. At the same time, JPMorgan Chase warns that an unexpected decline in central bank demand could pose a major risk to gold prices. Silver prices are expected to rise to $39 per ounce by the end of 2025
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