JPMorgan forecasts gold prices to rise to USD 6,300 by the end of this year.

JPMorgan has issued a report predicting that demand from central banks and investors will ultimately drive gold prices to $6,300 per ounce by the end of this year. The bank also raised its long-term forecast for gold prices to $4,500 per ounce.

AASTOCKSFeb 25 16:08

CMB International forecasts that the U.S. will cut interest rates twice within the year and expects gold prices in the first quarter to fluctuate between $4,000 and $5,200 per ounce.

Ding Meng, Chief Economist of CITIC Bank (International), believes that the Federal Reserve will continue to lower interest rates to a neutral level. He pointed out that there is still room for rate cuts from the current range of 3.5% to 3.75% to reach the neutral rate. It is expected that there will be two more rate cuts this year. The dot plot indicates that Fed officials are becoming more cautious about the magnitude of rate cuts next year compared to this year. Ding Meng noted that since the beginning of the year, Hong Kong’s private residential market has gradually stabilized, and it is anticipated that property prices will rise moderately going forward. In December, the private residential price index increased by 0.2% month-on-month, with an accumulated rise of approximately 3.2% for the year, ending a three-year downward trend. The rental index rose by 0.1% month-on-month, with an accumulated increase of approximately 4.3% for the year.

AASTOCKSFeb 5 16:32

JPMorgan Private Bank: Gold Price Undergoing Healthy Technical Correction, Raises Year-End Target to $6,150

Tang Yuxuan, Head of Asia Macro Strategy at JPMorgan Private Bank, stated that the recent decline in gold prices represents a healthy technical correction. The previous upward movement contained a certain degree of irrationality, and this adjustment has effectively absorbed some speculative positions. Notably, gold prices have merely returned to levels seen two weeks ago, with January still recording a 13% increase. Drawing from past experience, after gold fell from $4,400 to $3,900 in October last year, it briefly consolidated before breaking upward again, recovering and surpassing the previous high by December. She continued to note that her team’s fundamental view on gold remains unchanged. The nomination of Warsh as the next Federal Reserve Chair does not alter this outlook.

AASTOCKSFeb 2 16:56

Copper prices on the London Metal Exchange are approaching USD 14,000 per tonne, hitting a record high.

Copper prices surged to a record high this morning (29th) Hong Kong time, with the three-month benchmark copper futures price on the London Metal Exchange rising to $13,965 per tonne at one point. This represents an accumulated increase of approximately 12% since the beginning of this year. Prices of other major base metals also rose, with aluminum hitting a three-year high. The depreciation of the US dollar, rising demand for physical assets, and the Trump administration's pursuit of a tougher foreign policy stance have exacerbated geopolitical tensions, driving commodity prices higher throughout the year. Spot gold is up 2.43% to $5,548.37 per troy ounce, while February gold futures rose 4.25% to $5,528.8 per troy ounce.

AASTOCKSJan 29 11:54

Powell indicated that no one in the baseline forecast predicts a rate hike as the next policy move, and he disagrees that the sharp rise in gold prices is related to the Federal Reserve's credibility.

According to comprehensive media reports, Federal Reserve Chair Jerome Powell stated at the post-interest-rate decision press conference that no one currently expects the next policy move to be a rate hike. He also noted that officials are evaluating the next steps following last year's consecutive rate cuts. Powell highlighted that December’s inflation rate likely remained significantly above the central bank’s 2% target, with core Personal Consumption Expenditures (PCE) estimated at 3%. He emphasized that the overshooting of inflation was primarily driven by tariffs rather than demand, and excluding the impact of goods tariffs, core PCE was only slightly above 2%. He anticipated that the tariff effects would peak this year before receding. Regarding the successive record highs in gold prices, Powell responded that some may argue the Fed is...

AASTOCKSJan 29 08:52

Morgan Stanley: Gold Price Yet to Peak, Bullish Scenario Could Reach $5,700 in the Second Half of the Year

Morgan Stanley issued a report stating that gold prices have already surpassed the firm's forecast of $4,750 per ounce for the second half of the year. However, the bank believes that gold prices have not yet peaked, primarily supported by geopolitical risks, positive signals from central banks, and ETF buying. The bank specifically raised its target price under a bullish scenario: $5,700 per ounce for the second half of the year. Silver prices are showing strong momentum, with spot premiums in the Shanghai market highlighting supply tightness. Morgan Stanley pointed out that Poland’s central bank is shifting towards targeting absolute tonnage for gold reserves rather than as a proportion of total reserves, indicating reduced sensitivity to price fluctuations. Expectations of interest rate cuts by the Federal Reserve this year should continue to support precious metals.

AASTOCKSJan 26 11:11