JPMorgan expects gold to fluctuate in the short term, with average price recovering to $4,500 per ounce in the fourth quarter.

Golden Finance reported that on July 4, JPMorgan believes gold will maintain a range-bound trend in the short term, followed by a rebound, with an average price of $4,300 per ounce in the third quarter of 2026 and $4,500 per ounce in the fourth quarter of 2026. JPMorgan maintains its long-term bullish outlook on gold and expects gold prices to rebound further in 2027.
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