JPMorgan: Expects gold prices to reach $3,675 per ounce by the end of the year.

Jin10 data reported on September 4, analyst Patrick Jones from Morgan Stanley stated that if the Fed lowers interest rates in line with or exceeding expectations, it should encourage further inflows into gold ETFs, thereby pushing gold prices to approximately $3675 per ounce by the end of the year. On this basis, gold prices are expected to reach $4000 in the second quarter of next year, and could surge to $4250 by the end of 2026, especially if the Trump administration's attempts to remove Federal Reserve Board of Governors member Cook are successful.