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HSBC expects gold’s ‘bull wave’ to hit $5,000 in 2026
HSBC on Friday forecast that gold’s bull rally would drive prices as high as $5,000 an ounce in 2026, supported by elevated risks and the impact of new entrants into the market. Spot gold breached the $4,300 level on Thursday and was headed for its strongest week since December 2008. The advance has been fueled by geopolitical tensions, robust central bank buying, rising exchange-traded-fund inflows, expectations of US rate cuts and tariff-related economic uncertainties. “The bull market is likely to continue to press prices higher for 1H’26 and we could very well reach a high of $5,000/oz some time in 1H ... (full story)
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- Oct 17, 2025 1:27pm Posted byFundamental Analysis235
