Gold price faces downside risk before 2027 rebound: JPMorgan - Mining.com.au

AI desk brief

JPMorgan Private Bank sees near-term downside risk for gold as US rates are expected to rise again, with 10-year Treasury yields projected to peak around 5.25%-5.5% by mid-2027 versus just over 5% now. Gold has already slipped below US$4,000/oz and is down about 13% from its late-August peak, with Tang saying the market is fragile and thin liquidity could amplify moves; JPMorgan still expects a strong rebound later in 2027 once the Fed finishes tightening, with gold targeted at US$4,500/oz by mid-2027 and US$5,000/oz by year-end.