JPMorgan cuts gold forecast but sees year-end rally
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JPMorgan has revised its 2026 average gold price estimate downward but remains optimistic about a year-end rally due to anticipated increases in investor and central bank demand. In contrast, while JPMorgan expects silver to average $90 per ounce in Q4, UBS forecasts weaker demand. Recently, gold and silver prices fell, with gold reaching a one-month low amid rising oil prices and yields.
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