Gold Bulls To Bounce Back? Why JPMorgan Sees Metal Touching A Record $6,000 By 2026-End
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gold prices recovered on Monday, November 9, as oil prices cooled and the US dollar slipped.
- ✓JPMorgan estimates gold could jump to $6,000 an ounce by the end of 2026.
- ✓While recent US jobs data caused volatility, experts said stronger labour markets and interest rate uncertainty will keep prices moving.
Story at a Glance
- Category
- Indian Markets
- Reported By
- NDTV Profit
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Gold prices recovered on Monday, November 9, a day after Diwali as oil prices cooled, while the US dollar slipped.The recent rally comes after days of volatililty with prices surging following US midterm elections, while it fell again, when strong US jobs data raised expectations that the Federal Reserve will raise interest rates in December.
The latest surge has raised questions if gold's long-term upward momentum can be sustained. Gold prices are expected to jump towards $6,000 an ounce by the year ends, nearly 46.34% rise from the current market price, NDTV reported, citing estimates by JP Morgan. Both stronger US labour market and uncertainty over interest rates is expected to keep the precious metal rates volatile in the near term, it added.
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