HSBC forecasts gold to hit USD 5000/oz in H1'26 due to geopolitical risk and increasing fiscal debt; High volatility trading level likely

HSBC forecasts gold to hit USD 5000/oz in H1'26 due to geopolitical risk and increasing fiscal debt; High volatility trading level likely.

HSBC's forecast for gold reaching USD 5000/oz by H1'26 underscores increasing geopolitical tensions and rising fiscal debt, which could drive demand for safe-haven assets. This anticipates not only high prices but also significant volatility, suggesting traders should be prepared for swings that may affect related currencies and risk sentiment across markets.