Gold rally to continue? HSBC forecasts $5,000/oz in early 2026

HSBC projects gold prices could surge to $5,000 an ounce by early 2026, driven by geopolitical risks and economic uncertainty. The bank raised its 2025 and 2026 average forecasts, citing robust central bank purchases and rising ETF inflows. Other major banks share a similarly bullish outlook, anticipating sustained demand for gold's safe-haven and diversification qualities.

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