JPMorgan predicts short-term pressure on gold, with gold prices expected to rebound to $4500 in the second half of 2026

JPMorgan Chase stated that in the short term, gold prices are limited by weak demand and are expected to maintain range volatility. JPMorgan expects the average price of gold to be around $4300 per ounce in the third quarter of 2026, and to rise to around $4500 in the fourth quarter.