Gold Price Soars to Record Highs Above $4,300: Fed Cuts, China Buying & Safe-Haven Frenzy
Gold’s rally and pullback have elicited a range of expert views. JPMorgan’s top commodity strategists say gold is their “highest conviction long,” forecasting an average price around $5,055/oz by Q4 2026 reuters.com. Morgan Stanley has likewise raised its 2026 gold forecast (to ~$4,400/oz) and notes that central banks and ETFs are still buying heavily morganstanley.com morganstanley.com. Goldman Sachs is more modest, predicting a roughly 6% rise by mid-2026 (about $4,000/oz) amid “strong structural demand from central banks and easing Fed policy” goldmansachs.com. Meanwhile, market veterans warn that sharp rallies often see profit-taking: one trader says a $3,850/oz level may act as