---
title: "JPMorgan cuts 2026 gold forecast to $5,243 amid weak demand"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286801790.md"
description: "JPMorgan has reduced its 2026 gold forecast to $5,243 due to weak investor interest, low futures activity, and muted ETF inflows. Gold prices have fallen nearly 20% from January highs, impacted by rising yields, dollar strength, and US-Iran tensions. Analysts predict a potential rebound in demand from investors and central banks by late 2026 if inflation and energy volatility decrease."
datetime: "2026-05-18T17:09:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286801790.md)
  - [en](https://longbridge.com/en/news/286801790.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286801790.md)
---

# JPMorgan cuts 2026 gold forecast to $5,243 amid weak demand

Forecast cut reasons: JPMorgan cited weak investor interest, low futures activity, and muted ETF inflows for lowering its 2026 gold forecast. Market under pressure: Gold prices have dropped nearly 20% from January highs, weighed down by rising yields, dollar strength, and US-Iran tensions. Potential rebound ahead: Analysts expect demand from investors and central banks to recover in late 2026 if inflation and energy volatility subside.

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