---
title: "摩根大通下調了黃金的預測，但預計年底會出現反彈"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/286754048.md"
description: "摩根大通已下調其 2026 年黃金價格的平均預期，但對年末反彈持樂觀態度，原因是預計投資者和中央銀行的需求將增加。相比之下，儘管摩根大通預計第四季度白銀的平均價格為每盎司 90 美元，瑞銀卻預測需求將疲軟。近期，黃金和白銀價格下跌，黃金在油價和收益率上升的背景下跌至一個月來的低點"
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)
---

# 摩根大通下調了黃金的預測，但預計年底會出現反彈

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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