Gold Rebounds to $5,000 After Historic Sell-Off, J.P. Morgan Targets $6,300 Later in 2026
Gold has clawed back to $5,000 per ounce, marking a 2% rebound following January's brutal sell-off—the worst single-day drop since 1983. The recovery comes after CME Group's margin requirement hikes triggered a liquidation cascade among Leveraged traders.
Institutional confidence remains unshaken. J.P. Morgan forecasts a rally to $6,300 by late 2026, with UBS, Deutsche Bank, and Société Générale clustering around $6,000-$6,200 targets. The metal's volatility underscores its dual role as both a SAFE haven and a leveraged play during geopolitical turmoil.