HSBC Raises 2025-2026 Gold Price Forecasts Citing Geopolitical Risks

HSBC has raised its average gold price forecasts for 2025 and 2026 to $3,015 and $2,915 per ounce respectively, pointing to heightened geopolitical risks as a key driver. The bank noted that ongoing global tensions, uncertainty in financial markets, and a strong demand for safe-haven assets are likely to support elevated gold prices in the coming years. The revised outlook reflects a growing consensus among analysts that gold will remain a critical hedge against volatility and instability in the global economy.