Gold could hit US$8,000 an ounce, JPMorgan predicts as safe-haven demand surges

Thekabarnews.com—Major banks are making bold predictions as global gold prices keep breaking records. By the end of this decade, JPMorgan predicts that the price of gold could reach as high as $8,000 per ounce. At the current exchange rate of Rp16,780 to the US dollar, such a level would be around Rp134.2 million per ounce. This is about Rp4.31 million per gram.

Gold had a significant run at the start of 2026, gaining around 25% from the beginning of the year. Prices had already reached an all-time high of about US$5,360.60 per ounce, which is nearly Rp84.8 million. Analysts say that the rise shows that investors are becoming more worried about global economic and political threats.

The strategy team at JPMorgan predicts the rally still has room to grow. This is especially true if individual investors put more money into gold. The bank said that participation from both institutions and individuals might greatly increase demand. This increase would support higher prices in the medium to long run.

Goldman Sachs also had a similar view, raising its end-of-year prediction for the gold price to $5,400 per ounce. The private sector’s demand exceeded initial projections. Also, concerns about inflation and currency stability persisted.

The World Gold Council (WGC) reports that the global demand for gold reached a record high in 2025. The rise was caused by rising geopolitical tensions and fears about the US dollar’s long-term future. Central bank purchases and money coming in from investments also helped raise demand.

Market experts claim that the most recent forecasts show that gold will continue to be a safe haven asset. When things are uncertain, investors usually resort to gold to protect their money and keep it safe from market swings.

Prices are already at all-time highs, and big banks are becoming more positive, so gold is likely to be on investors’ minds around the world. Analysts agree that structural factors like geopolitical risk and currency concerns will continue to support the precious metal in the years to come. Even though short-term declines are still probable, the long-term outlook remains strong.