16:27 - 6.07.2026

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July 6, Fineko/abc.az. The world's leading investment banks (Goldman Sachs, Bank of America, Morgan Stanley, UBS, JPMorgan and Deutsche Bank) have updated their expectations for gold prices in 2026. The general forecasts indicate that the cost of an ounce of gold will fluctuate in the range of $4,800 – $5,200.

Bank price forecasts for 2026:

Morgan Stanley and UBS: These banks have set the highest targets, predicting that the price will reach $5,200 in the second half of the year and over the next 12 months (assuming strong inflows into ETFs and a dovish Fed).

Goldman Sachs: Expects the price to reach $4,900 per ounce by the end of the year, driven by consistently high purchases from global central banks.

Bank of America and Deutsche Bank: Predict the price to reach $4,800 per ounce in the fourth quarter. However, both banks have adjusted their short-term forecasts downward due to strong US macroeconomic performance.

JPMorgan: Changed its previous optimistic stance to a more cautious one. The bank expects the price to be at $4,300 in Q3 and $4,550 in Q4.