
JPMorgan cuts 2026 gold forecast to $5,243 amid weak demand

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JPMorgan has reduced its 2026 gold forecast to $5,243 due to weak investor interest, low futures activity, and muted ETF inflows. Gold prices have fallen nearly 20% from January highs, impacted by rising yields, dollar strength, and US-Iran tensions. Analysts predict a potential rebound in demand from investors and central banks by late 2026 if inflation and energy volatility decrease.

