Core Insights - The article discusses J.P. Morgan's projections for gold prices, indicating an average price of $81 per ounce for 2026 [1][2]. Group 1 - J.P. Morgan forecasts an average gold price of $81 per ounce for the year 2026 [1][2].

Core Insights - JPMorgan Chase's 2026 spending guidance is set at $105 billion, exceeding market expectations, with a strong performance anticipated due to the favorable fee income environment [1] - The corporate and investment banking sectors are expected to be the main drivers of growth, while loan and deposit businesses are likely to maintain growth [1] Financial Condition - The 2025 financial report indicates a slight decline in net profit due to provisions related to the Apple credit card business, alongside rising delinquency rates and credit card loan risks across the industry [2] - Future attention is required on asset quality changes amid credit expansion [2] Industry Policy and Environment - CEO Jamie Dimon has warned that persistent inflation, geopolitical complexities, and high asset prices could pose potential risks to performance, urging the market to remain vigilant regarding related volatility [3]

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: JPMorgan Chase and Nacha, the organization overseeing the ACH payment network, are partnering to integrate Nacha’s peer-to-peer payment information network within the bank’s blockchain-based data sharing network, Nacha said last week. Through the integration, financial firms using JPMorgan’s system can verify U.S. accountholders’ information in real ...

Core Insights - The annual electronic trading survey by JPMorgan reveals that 41% of respondents believe geopolitical tensions will have the greatest impact on financial markets this year, more than doubling from 2025 [1] - Technological innovations, such as AI, rank second at 19%, while interest rate policies come in third at 13% [1] - Chi Nzelu, head of the newly established quantitative trading and research team at JPMorgan, indicates that the market is highly focused on ongoing geopolitical tensions, suggesting that a quick resolution is not anticipated [1] Market Opportunities - Tokenized assets are viewed as the largest opportunity in the digital market, with 48% of sell-side respondents and 33% of buy-side respondents selecting this option, surpassing cryptocurrencies, stablecoins, and deposit tokens [1] - The survey, conducted in January, included responses from 955 institutional and professional traders globally, reflecting their sentiment heading into early 2026 [1]

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Group 1 - The US banking industry is advocating for a prohibition on companies paying interest on stablecoin balances, which is causing delays in the legislative process for the Clarity Act in Congress [1][2][4] - A meeting hosted by the White House's crypto council included representatives from major banks and crypto trade associations, highlighting the industry's unified stance against interest payments on stablecoins [3] - The document shared among banks emphasizes limited exemptions to the prohibition and warns that allowing interest payments could lead to deposit flight, negatively impacting local lending [6][7] Group 2 - The American Bankers Association and other banking organizations issued a joint statement advocating for policies that support financial innovation while ensuring the safety of bank deposits [8]

Group 1 - Morgan Stanley is accelerating its expansion in digital asset payment services as its global co-head of blockchain business has left after over ten years with the firm [1] - Naveen Mallela has stepped down as global co-head of Kinexys, a subsidiary of Morgan Stanley that develops products and services in payment sectors using cryptocurrency underlying technology [1] - A spokesperson for Morgan Stanley confirmed Mallela's departure and stated that the firm plans to appoint a successor soon [1]

Core Viewpoint - JPMorgan Chase is being sued by President Donald Trump for allegedly closing his accounts for politically motivated reasons, which the bank denies, stating that account closures are based on legal or regulatory risks rather than political agendas [1][2]. Company Response - JPMorgan Chase asserts that the lawsuit lacks merit and emphasizes that account closures are not conducted for political or religious reasons, but rather due to legal or regulatory risks associated with certain accounts [2]. Industry Context - The financial services sector operates under stringent regulations, including anti-money laundering (AML), know your customer (KYC), and customer due diligence (CDD) rules, which necessitate careful monitoring of customer accounts [4]. - Financial institutions face potential sanctions, fines, or legal liabilities for non-compliance with these regulations, leading to a tendency to file numerous Suspicious Activity Reports and classify certain customers as 'high risk' [5]. - Legal restrictions often prevent banks from disclosing the specific reasons for account closures to customers, further complicating the relationship between banks and high-risk individuals [5].

Core Viewpoint - Recent fluctuations in spot gold prices have seen them rebound to the critical level of $5,000 per ounce after experiencing significant volatility, driven by a combination of rational valuation recovery and expectations of continued accommodative monetary policy from the Federal Reserve [1][2] Group 1: Market Dynamics - Analysts note that after a sharp decline, gold prices have stabilized as investors are attracted to lower prices, and fears regarding the Federal Reserve's policy have eased [1] - The latest U.S. employment data, which was weaker than expected, has increased market expectations for the Fed's accommodative policies, providing upward momentum for gold prices [1] - The market sentiment surrounding gold prices is sensitive and can lead to significant fluctuations based on news events, but fundamental factors supporting gold prices are expected to persist [1] Group 2: Future Projections - The trend of international economic and political multipolarity suggests that the downward trend of the dollar and the upward trend of gold will continue for some time, with non-U.S. central banks likely to increase gold holdings to mitigate geopolitical and financial risks [1] - Morgan Stanley's commodity research indicates that global central bank gold purchases are expected to remain high at around 755 tons by 2026, significantly above historical averages prior to 2022 [1] - UBS analysts highlight that the traditional logic of real interest rates driving gold prices is weakening, with gold's safe-haven attributes and credit reassessment becoming dual driving forces [2] Group 3: Price Forecasts - Wells Fargo has raised its year-end gold price target for 2026 to a range of $6,100 to $6,300 per ounce, while Deutsche Bank maintains a long-term forecast of $6,000 per ounce [2] - Experts emphasize that current gold prices have significantly deviated from traditional cost ranges, driven more by market sentiment, geopolitical factors, and central bank purchasing behavior rather than high-yield speculative motives [2]

近期，现货黄金价格在经历急涨暴跌的"过山车"行情后，重新站上了5000美元/盎司的关键关口。 "过去主导金价的实际利率逻辑效力减弱，避险属性与信用重估成为双重驱动力。"瑞银集团贵金属策略 师在报告中写道。 摩根大通全球市场策略团队分析师表示，近期金价走势属于短期冲高回落后反转，是消化前期过快涨幅 的阶段性调整，并非长期涨势终结。其预测金价未来数周或数月将进入宽幅震荡区间。 富国银行将2026年黄金年终目标价上调至每盎司6100至6300美元区间。德意志银行贵金属分析师薛家康 (Michael Hsueh)维持了金价长期触及6000美元/盎司的预测。 与此同时，多位专家强调，当前黄金已大幅脱离传统成本区间，高位价格更多由市场情绪、地缘政治及 各国央行购金行为驱动。黄金本质并非高收益投机标的，普通投资者应警惕短期投机炒作行为。 （中国新闻网） 金价大跌后逐渐震荡企稳，东方金诚研究发展部分析师瞿瑞认为，这一方面源于暴跌后，金价估值回归 理性，吸引投资者逢低入场。另一方面，市场认识到美联储短期内难以改变宽松交易的趋势，恐慌情绪 有所缓和。此外，最新公布的美国就业数据超预期疲弱，提升了市场对美联储宽松政策的预期，也为金 ...