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Gold’s bull rally could hit US$5,000 an ounce in 2026: HSBC
The Straits Times
|October 20, 2025
It cites geopolitical risks, policy uncertainty and rising public debt as supporting factors
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HSBC said that, given the sharp rise in prices during the second half of 2025 and heightened risks from new market entrants, it expects gold prices to remain elevated and potentially spike further through early 2026. PHOTO: BLOOMBERG
BENGALURU-HSBC on Oct 17 forecast that gold's bull rally would drive prices as high as US$5,000 an ounce in 2026, supported by elevated risks and the impact of new entrants into the market.
Spot gold breached the US$4,300 level on Oct 16 and was headed for its strongest week since December 2008.
This story is from the October 20, 2025 edition of The Straits Times.
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