Gold prices may stay volatile in 2027; JPMorgan sees $6,300 an ounce - CNBC TV18

AI desk brief

JPMorgan forecasts gold at $6,300 an ounce in 2027, while UBS targets $5,200 in the second or third quarter; gold traded around $4,120 on November 6, versus January’s $5,608 peak. The report expects central-bank purchases of 600–800 tonnes and cites China’s 23 consecutive months of buying as support for the outlook. It also describes money-manager positioning as relatively low after profit-taking, potentially allowing renewed accumulation on declines. Near-term signals remain mixed: the report says stronger-than-expected US payrolls lifted December rate-hike expectations above 80% for a 25-basis-point increase, which could counter the longer-term bullish forecasts.