JPMorgan predicts a gold price of over $ 4,000 – even if the global economy develops positively. That is behind it.
• Jpmorgan with surprisingly Bullisher gold forecast
• Gold price could increase even with global economic growth
• Strategist calls the central, new price drivers
Advertising
Oil, gold, act all raw materials with levers (up to 20) via CFD (already from € 100)
Participate in price fluctuations in oil, gold and other raw materials with levers and small spreads! With a lever with the effect of 2,000 euros, you can act with only 100 euros.
Plus500: Please note the information5 To this advertising.
Gold has put an unprecedented high flight in recent years – but when it comes to JPMorgan, the end of the rally has not been reached. According to Grace Peters, global director of the investment strategy at JPMorgan, gold could increase in the so-called base scenario, i.e. on the assumption of a further growing US and global gross domestic product, to over $ 4,000 per ounce. At the beginning of the year, JPMorgan had issued a price target of $ 3,500 – “we have just broken through,” said Peters in an interview with Bloomberg Television from May 7, 2025. “With a view to the next twelve months, we will keep a price of over $ 4,000 per ounce for a new realistic price target.” Most recently, the price for an ounce of gold was around $ 3,237 (as of May 12, 2025).
A central driver of this development is the ongoing demand from central banks from emerging countries, supplemented by a strong interest of institutional and private investors in gold ETFs. Compared to the central banks of the industrialized countries, many emerging markets still have catching up to do in the gold reserve policy – the offer up further scope.
JPmorgan Bullish for gold: geopolitical uncertainty as a price driver
In addition to the fundamental demand, geopolitical uncertainty also plays a role – especially with regard to US economic policy and the relationship with China. Peters said that the prospect of a possible trade agreement with China has already been partially taken into account in the courses in the US stock markets. “The big debate is really how much of the current changes in the US government is cyclical and how much structural is,” said Peters in an interview with Bloomberg Television.
In the context of these uncertainties, diversification is particularly important – and this is exactly what gold comes into play. “There are several things that we want to balance,” Peters continued. “US overweight is one, so geographic and currency-sided diversification is part of it, but also a broader geographical hedging.” Gold benefits as a strategic diversification element – regardless of whether the markets currently rely on positive growth or not.
Interest rate And industrial demand: new Gold-Rally on the way?
An additional tailwind for gold comes from a monetary policy perspective. Peters expects two interest reductions this year and two more in the next for the next twelve months, which could push the key interest rate to around 3.5 percent. “If the growth is weaker, the FED obviously still has scope for further reductions,” she emphasized in the interview. Although the Fed is somewhat limited by inflation dynamics, the interest scenario should support gold in the medium term, since lower interest rates make the interestless precious metal more attractive.
In addition to the classic drivers such as inflation and crisis safety, JPMorgan also relies on increasing industrial demand. According to Peters, the technology sector and the jewelry industry in particular could generate additional need in a positive growth environment.
JPmorgan remains confident: potential despite the reset
Despite the temporary reset, JPmorgan still sees considerable upward potential. The combination of geopolitical uncertainty, money -political relaxation, structural market changes and global diversification strategy speaks clearly for gold. It remains to be seen whether the JPmorgan’s vision is true and the precious metal actually penetrates into the range of $ 4,000.
Editor finance.net
This text serves exclusively for information purposes and does not represent an investment recommendation. Finance.net GmbH excludes any regress entitlements.
By the way: JPMorgan Chase and other US shares are even tradable at Finance.net Zero until 11 p.m. (without order fees, plus spreads). Open Depot now for free And receive a free stock as a gift.
Selected leverage products on JPmorgan Chase
With knock-outs, speculative investors can participate disproportionately in price movements. Simply choose the desired lever and we will show you suitable open-end products on JPMorgan Chase
The lever must be between 2 and 20
Advertising