JPMorgan predicting $4,500 gold price in fourth quarter, quotes weaker demand

JPMorgan expects gold prices to trade sideways in the coming weeks before climbing to $4,500 per ounce by the fourth quarter of 2026. The bank is recalibrating its short-term outlook due to reduced demand from key buying sectors. The Wall Street bank projects an average price of $4,300/oz during the third quarter, rising to $4,500...