Rising geopolitical tension and trade policy uncertainty have returned gold to the centre of strategic asset allocation discussions, with fresh projections sharpening investor focus on the metal’s potential trajectory into 2026.
Analysts at JPMorgan Chase have outlined a scenario in which bullion could reach 6,300 dollars per ounce by the end of 2026, a target that implies sustained structural support rather than a short term spike. The projection reflects expectations of continued central bank accumulation, resilient investor demand and a macroeconomic backdrop that may remain supportive of defensive assets.
Recent price moves have already demonstrated the sensitivity of gold to political developments. Renewed uncertainty surrounding tariff policy in the United States has unsettled parts of the market, while tensions involving Iran have added a further layer of risk premium. In such conditions, gold has attracted safe haven flows as investors seek to manage downside exposure across equities and currencies.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.
