---
title: "摩根大通下调了黄金的预测，但预计年底会出现反弹"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/286754048.md"
description: "摩根大通已下调其 2026 年黄金价格的平均预期，但对年末反弹持乐观态度，原因是预计投资者和中央银行的需求将增加。相比之下，尽管摩根大通预计第四季度白银的平均价格为每盎司 90 美元，瑞银却预测需求将疲软。近期，黄金和白银价格下跌，黄金在油价和收益率上升的背景下跌至一个月来的低点"
datetime: "2026-05-18T10:21:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286754048.md)
  - [en](https://longbridge.com/en/news/286754048.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286754048.md)
---

# 摩根大通下调了黄金的预测，但预计年底会出现反弹

Forecast revision: JPMorgan trimmed its 2026 average gold price estimate but maintained a bullish year-end outlook, expecting a rebound in investor and central bank demand. Silver outlook split: While JPM sees silver averaging $90 per ounce in Q4, UBS projects weaker demand and a smaller market deficit than previously forecast. Market backdrop: Gold and silver prices recently dipped, with gold hitting a one-month low, as rising oil prices and yields created conflicting pressures.

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