This forecast suggests a price increase of 33% compared to current levels.
Despite the recent crash in the precious metals market, experts are confident that price growth will be possible due to strong demand from central banks and investors.
“Our view on gold in the medium term remains stable, based on a clear and ongoing trend of diversification that is not yet complete,” the analysts note in their report.
The current market situation also demonstrates the resilience of real assets compared to "paper" ones, which supports interest in gold.
This year, according to JPMorgan's forecasts, central bank purchases of gold will amount to around 800 tons.
