JPMorgan Sees Gold Range-Bound Near Term, Then Rally to $4,500 in Q4
JPMorgan forecasts gold will trade sideways in the short term before rebounding to an average of $4,500 per ounce in the fourth quarter.
XAUUSD
JPMorgan analysts expect gold prices to move sideways in the near term, citing mixed market signals. The investment bank projects a stronger rebound later in the year, with gold averaging around $4,500 per ounce in Q4.
The forecast highlights a cautiously bullish outlook for the precious metal, driven by expectations of shifting macroeconomic conditions. No specific catalysts were detailed in the report.
Source: First Squawk