JP MORGAN CHASE(US:JPM) Sou Hu Cai Jing·2025-09-04 03:26Core Viewpoint - The Federal Reserve's anticipated interest rate cuts are expected to drive further inflows into gold ETFs, potentially pushing gold prices to approximately $3,675 per ounce by the end of the year, with projections of reaching $4,000 in Q2 of next year and $4,250 by the end of 2026, particularly if there are successful efforts to remove Federal Reserve Governor Lisa Cook [1][1][1] Group 1 - Analyst Patrick Jones from JPMorgan highlights that the expected interest rate cuts by the Federal Reserve will likely lead to increased investments in gold ETFs [1] - The forecasted gold price of $3,675 per ounce by year-end is based on the assumption of favorable monetary policy changes [1] - The potential removal of Lisa Cook from the Federal Reserve could have broader implications for the Fed's structure and independence, which may significantly impact long-term gold prices [1][1]