AuAltinavcisiPrecious metals news and analysis

Gold

Is $4,000 Gold “Just Around the Corner”? JPMorgan Analysts Think So

Gold's Quickest $500 Climb in History
Gold's Quickest $500 Climb in History

Wall Street continues to raise its bullish outlook on gold as the precious metal reaches new heights.

Bank of America has increased its price target from $3,000 to $3,500 per ounce over the next 18 months, based on projections of 10% growth in investments through increased buying from China, central banks, and physically backed ETFs.

This follows Macquarie Group’s similar $3,500 forecast for Q3 2025.

JPMorgan analysts have noted the unprecedented speed of gold’s price increases, with the move from $2,500 to $3,000 taking just 210 days compared to the historical average of 1,700 days for $500 increments. They suggest $4,000 might be “just around the corner.”

The surge is driven by multiple factors, including President Trump’s trade policies (particularly recent auto tariffs), a weakening US dollar, and a “structural change” in gold demand following the freezing of Russian assets after the Ukraine war.

Eight more from the desk

Other dispatches from the bullion wire.

Gold Miner ETF Outflows Despite Record RallyMiningGold Miner ETF Outflows Despite Record Rally
A gavel resting unclaimed on a stack of Treasury bond certificates beside a gold bar, illustrating today's weak treasury auction and its effect on the gold price.SilverWashington Sold $70 Billion in Debt. Wall Street Only Wanted Part of It.
Swiss Precious Metals Association Raises Alarm Over 39% U.S. Gold TariffsGoldSwiss Precious Metals Association Raises Alarm Over 39% U.S. Gold Tariffs
Two gold bars of different heights showing Newmont Q2 earnings growth of positive 47 percent against a gold price decline of negative 13 percent, illustrating gold miner operating leverageGoldNewmont Earned $2.2 Billion Last Quarter. Gold Was Down 13%.
Three stacked gold bars on a dark slate surface with US dollar bills fanned out in soft focus behind them, illustrating the inverse gold dollar relationship.GoldIran News Sent Gold Price Both Ways. The Driver Was Never Iran.
Harmony Gold Buys Mac Copper for $1 Billion to Expand into CopperGoldHarmony Gold Buys Mac Copper for $1 Billion to Expand into Copper
Five gold compass needles arranged in a circle, each pointing in a different direction, around a central coin on a dark slate surface — representing five conflicting signals on whether gold is oversold and underowned.GoldWho’s Actually Right About Gold Right Now? Five Signals, Five Answers
London Gold Reserves Drain as Markets Rush to Beat Trump TariffsCentral banksLondon Gold Reserves Drain as Markets Rush to Beat Trump Tariffs