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Gold Prices Set to Soar: JP Morgan Predicts $5,000 Per Ounce by 2027
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News18•21-09-2026, 14:37
Gold Prices Set to Soar: JP Morgan Predicts $5,000 Per Ounce by 2027
- •Despite a dip in September, gold prices are projected to see significant increases in the coming months and years.
- •JP Morgan forecasts international gold prices could reach $5,000 per ounce by mid-2027.
- •Key factors driving this surge include a weakening US dollar, continuous gold purchases by central banks, and geopolitical tensions.
- •Gold is considered a 'safe haven' investment, leading to increased demand during economic and political uncertainties.
- •Jefferies also predicts gold prices could double from current levels, potentially reaching $10,000 per ounce.
Key Questions Answered
According to JP Morgan, international gold prices could reach $4,500 per ounce by the end of 2026 and further increase to $5,000 per ounce by mid-2027.
Data from the World Gold Council shows that global gold prices fell by 3.9 percent in September, while prices in the Indian market decreased by 4.6 percent.
International gold prices are primarily driven by a weakening US dollar, continuous gold purchases by central banks, and rising geopolitical uncertainties.
