Spot vs analyst forecasts
$/oz — where gold sits vs J.P. Morgan targets.
About this data
Against a mid-2026 spot near $4,186, J.P. Morgan Global Research has flagged a path toward ~$6,000/oz by Q4 2026 and ~$6,300 by end-2027. Forecasts are scenario calls, not guarantees, and depend on real yields, the dollar, and continued official-sector buying.
Data table
| label | series | usd_oz | source_ref | value_basis |
|---|---|---|---|---|
| Spot (Jun 22 2026) | gold_forecast | 4186 | te-gold | Spot gold $4,186.30/oz on Jun 22 2026 |
| J.P. Morgan — Q4 2026 avg | gold_forecast | 6000 | jpmorgan-gold | J.P. Morgan forecasts gold averaging ~$6,000/oz in Q4 2026 |
| J.P. Morgan — end-2027 | gold_forecast | 6300 | jpmorgan-gold | J.P. Morgan sees gold toward ~$6,300/oz by end-2027 |
Methodology & sources
Last updated: Jul 17, 2026Methodology
Source-backed values are seeded for all four charts: the annual average gold price (2020 → 2026 spot), the annual return, central-bank net purchases, and the current spot price vs analyst forecasts. Every numeric point carries a sources[].ref and a value_basis. Annual averages are from the World Gold Council and Macrotrends; central-bank tonnage is from the WGC Gold Demand Trends; forecasts are J.P. Morgan Global Research. CAVEAT: the 2026 point is a spot price (Jun 22 2026), not a full-year average, and is labeled as such. Annual returns are computed from the cited annual averages (year-over-year change), not separately published figures. Re-verified 2026-06-22.
Comparisons are informative, not definitive. See each source for definitions and limits.