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2025-10-29 14:44:34
[HSBC: Gold Prices Expected to Peak in First Half of 2026, Targeting $4,400] While gold prices faced downward pressure at the beginning of this week, HSBC believes this is merely a temporary correction in the precious metals. The institution predicts the gold price rally will continue into the new year, peaking in the first half of 2026. HSBC points out that key factors driving the rally include safe-haven inflows, widening fiscal deficits, new threats to the Federal Reserve's independence, and pressure on overall US fiscal stability. Furthermore, the bank believes strong inflows into ETFs and physical gold accounts will continue to support gold prices. However, looking ahead to the end of the year, HSBC states that if the Federal Reserve cuts interest rates less than expected, it may slow the gold price rally, but the overall weakness of the US dollar should support precious metal prices until early 2026. The bank expects gold prices to fluctuate between $3,700 and $4,050 for the remainder of this year, with a year-end target price of $3,950. Next year, gold prices are expected to fluctuate between $3,600 and $4,400, peaking in the first half of 2026 and breaking through the $4,400 mark. The bank forecasts gold prices to reach $3,800 by the end of 2026.
