JPMorgan said on Friday that ​softer buying from key ‌demand sectors and gold's renewed sensitivity ​to real yields ​could keep prices range-bound ⁠in the near ​term, though it ​expects a recovery in the second half of 2026, ​with prices ​averaging $4,300/oz in the third quarter ‌and $4,500/oz ⁠in the fourth quarter.