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Gold harvest and J.P. Morgan's market forecast
Gold prices worldwide increased by 2.1% over the past week, reaching a high of $4,195 per ounce after opening the week at $4,075 and closing at $4,175. J.P. Morgan lowered its forecast for gold prices this year, predicting they will reach $4,300 in the third quarter and $4,500 in the fourth quarter, with warnings of downside risks if the Federal Reserve raises interest rates prematurely. Nonetheless, the bank maintained a positive long-term outlook, supported by continued demand from central banks and structural factors.
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