Will gold prices in Pakistan rise as JPMorgan predicts $4,500 per ounce?

Gold prices could hit $4,500 per ounce but several economic factors could slow the rally, according to a new forecast by JPMorgan.

JPMorgan has released its latest outlook for the precious metals market. The bank expects gold to reach as high as $4,300 per ounce in the third quarter and $4,500 per ounce in the fourth quarter of this year.

According to the report, demand for gold has not remained as strong as previously expected. Because of this, the rise in gold prices may be more limited than earlier forecasts suggested.

The bank also warned that strong US economic data could affect the gold market. If the US Federal Reserve continues to raise interest rates, gold could face pressure because it does not generate regular income like interest-bearing investments.

Despite these short-term risks, JPMorgan remains positive about gold over the long term. The bank believes stronger demand from central banks and higher global buying could push gold prices higher again by 2027.

JPMorgan also shared its outlook for other precious metals. It expects silver to trade between $60 and $65 per ounce, platinum to reach around $1,800 per ounce, and palladium to remain between $1,300 and $1,350 per ounce.

Market experts say precious metal prices will continue to depend on global economic conditions, inflation, and central bank policies. Investors are expected to closely watch future US economic data and interest rate decisions.

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JPMorgan’s forecast shows that gold still has long-term growth potential, even if prices move slowly in the coming months. Future interest rate decisions and global demand are likely to play the biggest role in determining where gold prices go next.