%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Analysts at U.S. bank JPMorgan Chase (NYSE: $JPM ) have raised their long-term forecast for gold's price by 15%. JPMorgan has maintained its 2026 year-end forecast for gold's price at $6,300 U.S. per ounce. However, the bank hiked its long-term price forecast for the precious metal 15% to $4,500 U.S. JPMorgan's commodities team said that increased central bank buying, U.S. Treasury divestment, and countries shifting away from the American dollar will support gold's price. Consequently, the bank raised its weighting for the "reserve currency paradigm shift," leading to its new long-term forecast of $4,500 U.S. an ounce for the precious metal. JPMorgan Chase is the latest financial institution to raise its gold forecast as the spot price has gained 20% this year. Gold is currently trading at $5,205.00 U.S. an ounce. Gold's price hit an all-time high on January 29 of $5,594.82 U.S. per ounce. In 2025, gold's price rose 64% as safe-haven demand for the yellow metal skyrocketed. Other banks also remain bullish on gold. Wells Fargo (NYSE: $WFC ) expects the price of bullion to reach $6,300 U.S. an ounce by year's end. Morgan Stanley's (NYSE: $MS ) bull case is for gold's price to reach $5,700 U.S. an ounce by the second half of 2026.