---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000490343.md"
description: "JPMorgan's gold math is interesting: 2026 forecast 755 tonnes , down from 1000+ past three years but still double pre-2022 avg of 400-500 . So even "slowing" demand is historically strong. Plus ETF inflows resuming. Supply fixed, demand structural. Price only goes one direction long term. $SPDR Gold Shares.US  at $455 still cheap relative to $509 high ."
datetime: "2026-02-26T07:19:16.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000490343.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000490343.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000490343.md)
author: "[Fair_Lemon5303](https://longbridge.com/en/profiles/16656049.md)"
generator: "portal-rs"
---

# JPMorgan's gold math is interesting: 2026 forecast…


### Related Stocks

- [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**