JPMorgan sees gold prices hitting the $4,000-per-ounce milestone by the second quarter of 2026 as the probability of a recession rises amid an ongoing global trade war. “Underpinning our ...

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Spot gold has risen 29% this year, reaching $3,500 per ounce for the first time on April 22. JP Morgan also projects short-term challenges for silver due to uncertainties in industrial demand.