Gold price will rise 22% above current level to reach $6,300 by year-end 2026 – J.P. Morgan

(Kitco News) – The spot gold price will rise an additional 22% from current levels by ⁠the end of 2026, according to the latest forecast from commodity analysts at J.P. Morgan.In a ‌note published Wednesday morning, J.P. Morgan ​analysts said strong and sustained ‌demand from both central banks and ‌investors ​through 2026 ⁠will ⁠ultimately push gold prices to $6,300 ​per ounce ⁠by year-end.The investment ⁠bank also raised its ⁠long-term ‌price ⁠forecast ​for ‌the gold ​to $4,500 per ounce.