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HSBC raises average gold price forecasts for 2025 and 2026
HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from $2,915, citing elevated risks and government debt. Gold tends to perform well during periods of economic uncertainty and geopolitical tension, which lifted spot gold to a record high of $3,500.05 an ounce in late April. Spot gold was trading at $3,348.50/oz at 1146 GMT on Tuesday. "We anticipate a wide and volatile trading range of $3,600/oz to 3,100/oz for the rest of the year and year-end prices of $3,175/oz for 2025 and $3,025/oz for 2026," the bank said in a note on Tuesday. US Senate ... (full story)
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- Jul 1, 2025 1:05pm Posted byFundamental Analysis709
