[JPMorgan: Gold Under Short-Term Pressure, May Reach $4,500 in H2 2026] BlockBeats News, July 4, JPMorgan stated that in the short term, gold prices may be constrained due to weakening demand, with overall prices expected to remain range-bound. The primary reasons include reduced purchasing power in key demand sectors and gold becoming sensitive again to changes in real interest rates, which could limit further price increases. However, the bank maintains a bullish outlook for the medium to long term. It forecasts that gold will gradually recover in the second half of 2026, with an average price of approximately $4,300 per ounce in Q3 and rising to around $4,500 in Q4. Looking ahead to 2027, JPMorgan believes gold prices are likely to continue their upward trend, driven mainly by sustained gold purchases by central banks, increased physical demand, and persistent long-term structural allocation needs. These factors will support gold's long-term appeal as a safe-haven and reserve asset. [Original Link]