Up nearly 8% in a week! Gold prices experience "roller coaster" trend as multiple banks take action

　　Recently, the gold price has shown a notable rebound. As of the time of publication by Jiemian News on June 17, spot gold reported at $4,339.59/oz, up 0.19%. On June 10, spot gold fell to a recent low of $4,023.1/oz, followed by a significant rebound, with an increase of 7.87%.

　　It is worth noting that as gold prices fall back from high levels, some banks have made reverse adjustments to the entry barriers and risk ratings of their gold accumulation business, reflecting differentiated and refined risk management strategies.

　　Since the beginning of this year, gold price volatility has intensified. At the start of 2026, gold repeatedly reached new highs. However, after suddenly breaking through the historical high of $5,598/oz, gold prices abruptly pulled back—on January 30, spot gold prices plunged by over 12% in a single day, dropping below $4,700/oz in trading, marking the biggest one-day drop in 40 years.

　　In February, market sentiment quickly recovered. On February 4, the London spot gold price returned above $5,050, and on February 13, further rebounded to $5,042, though intraday saw many "roller-coaster" style plunges. Since March, gold prices have generally been in a volatile downtrend. On June 11, spot gold fell below the $4,100 mark.

　　Morgan Stanley sharply lowered its expectations, cutting its 2026 H2 target from $5,700 to $5,200, citing cooled Fed rate cut expectations and high real rates, which have compressed valuations for non-interest-bearing assets.

　　Although JP Morgan has lowered its short-term annual average price forecasts, it still maintains a positive year-end target, anticipating gold may reach $6,000 by the end of 2026 and that the 2027 average price could rise further to $6,263, viewing the current sluggishness as only a phase of consolidation.