International gold and silver prices come under pressure and decline, JPMorgan Chase: Gold price is expected to reach $6,300

GateUser-bd883c58 · 2026-03-17T04:17:16+00:00

Affected by the decline in US stocks, some investors have reduced their holdings of precious metals in exchange for cash, causing international gold and silver prices to fall. Despite short-term price pressure, long-term demand remains strong, with gold prices expected to potentially reach $6,000 to $6,300 per ounce by year-end.

GateUser-bd883c58

2026-03-17 04:17:16

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According to CCTV Finance, influenced by the continued decline of the US stock market, some investors are reducing holdings of precious metals such as gold and silver to raise cash and meet margin requirements. Coupled with the cooling of Federal Reserve rate cut expectations and the rise of the US dollar index, international gold and silver prices are under pressure and declining. As of the close on March 12, the April gold futures price on the New York Mercantile Exchange closed at $5,125.8 per ounce, down 1.03%; the May silver futures price closed at $85.112 per ounce, down 0.49%.

Although gold prices are suppressed in the short term, some major financial institutions believe that the long-term demand for central bank allocations remains strong. The geopolitical uncertainties continue to trigger safe-haven buying, which still provides strong support for gold prices. Deutsche Bank predicts that by the end of this year, gold could reach the historical high of $6,000 per ounce, while JPMorgan’s forecast is $6,300 per ounce.

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