Gold's Pullback Leaves Bull Unfazed, Institutions See $5000 In 2026

Benzinga

Gold dipped below $3,900 as easing U.S.-China tensions triggered profit-taking, though analysts say demand from China and central banks keeps long-term support strong. JP Morgan still sees prices topping $5,000 by 2026.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Spot gold prices fell below $3,900 per ounce as progress toward a U.S.-China trade deal

00:07eased market tensions, according to Reuters. Analysts view the decline as a temporary pullback

00:11rather than a reversal, setting continued structural support for global demand and

00:15central big buying. Powell Global Management's Torsten Sloan said China remained central

00:19to gold's rally through strong institutional accumulation and household demand.

00:24World Gold Council highlighted macroeconomic uncertainty and rising equity valuations

00:28as drivers for safe haven demand. J.P. Morgan forecasts gold to average $5,059 per ounce

00:34by late 2026, calling it the firm's highest conviction log amid lower yields and inflation

00:40risks. For all things money, visit Benzinga.com.

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