JP Morgan analysts predict gold prices will reach $6,000 per ounce by the end of 2026, despite a recent cooling in investor demand and a period of market consolidation. The forecast hinges on factors including geopolitical tensions, central bank buying, and a potential decline in the US dollar. While current investor interest has waned, leading to sideways trading, JP Morgan anticipates a resurgence driven by macroeconomic conditions. The bank highlights substantial central bank gold purchases as a key supporting element. They also suggest that a weaker dollar would further bolster gold’s appeal as a safe-haven asset. This optimistic outlook contrasts with the recent period of price stagnation, signaling a potential significant upward trend in the coming years.