JPMorgan predicts $4,000/Oz gold amid currency concerns
JPMorgan is betting that gold could hit $4,000 an ounce by mid-2026, thanks to rising demand as global currencies get shakier and economies face more stress.
If you're wondering why everyone's suddenly into gold, it's because prices have already climbed fast—and the next jump might come even quicker.
Gold's price jumps
Gold used to take years to double in price—going from $1,000 to $2,000 took 12 years.
But the move from $2,000 to $3,000 happened in just four years, and another big leap may be around the corner.
Central banks are snapping up more gold as a safe bet while currencies wobble and global tensions rise.
Central banks' gold reserves
According to Luis Oganes at JPMorgan, central banks in developed countries now keep about 20% of their reserves in gold. Emerging markets have also doubled their share over the past decade.
With demand expected to stay strong, this shift is a big reason behind JPMorgan's bold prediction.