JPMorgan Bank predicts that the demand from central banks and investors will push the price of gold to $6,300 per ounce by the end of 2026, despite the metal's decline today to its lowest level in more than two weeks, after reaching a record high of $5,594.82 last Thursday.
The bank explained in a memo that medium-term optimism towards gold remains due to the continued performance of real assets against paper assets, expecting central bank gold purchases to reach 800 tons this year.
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JPMorgan Bank predicts that the demand from central banks and investors will push the price of gold to $6,300 per ounce by the end of 2026, despite the metal's decline today to its lowest level in more than two weeks, after reaching a record high of $5,594.82 last Thursday.
The bank explained in a memo that medium-term optimism towards gold remains due to the continued performance of real assets against paper assets, expecting central bank gold purchases to reach 800 tons this year.
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