Wall Street Forecasts Gold Rally to $6,300 in 2026 from $4,830

Wall Street banks are projecting major upside for gold, with J.P. Morgan targeting $6,300 (+30%), UBS at $6,200 (+28%), and Goldman Sachs at $5,445 (+13%) from current ~$4,830/oz levels. This bullish outlook emerges despite gold's sharp 19% drop in 2026 versus the S&P 500's 9% decline after a prior rally. Articles spotlight gold ETFs like GLD for exposure but lean toward S&P 500 funds (VOO) long-term amid AI-driven growth, potentially sparking reallocations into gold on these high targets.