HSBC Raises Gold Price Predictions: New Price Expectations

HSBC's New Gold Predictions

The British bank HSBC has published its report "Gold Outlook", containing future predictions for the gold market. The report indicates that the forecasts for the price of gold per ounce have been revised upwards in line with increasing geopolitical risks and macroeconomic data.

Long-Term Gold Price Predictions

HSBC updated its long-term forecasts for gold, which is expected to reach a historical peak of 4,548 dollars on December 29, 2025, as follows:

• 2026: Average price expectation of 4,587 dollars, with the possibility of testing the 5,000 dollars mark in the first half of the year.
• 2027: The previous forecast has been raised from 3,950 dollars to 4,625 dollars.
• 2028: The expectation has been revised from 3,630 dollars to 4,700 dollars.
• 2029: The initial forecast is set at 4,775 dollars.

Geopolitical Risks and Volatility

HSBC analysts noted that rising prices could exert pressure on jewelry and coin demand. Additionally, the expected increase in mine production and forecasts for Fed interest rate cuts during the 2026-2027 period could slow down the gold rally in the second half of 2026.

The bank expects high volatility and wide price ranges in the market. Investors are advised to be cautious in the upcoming period.