Will gold reach $5,000 an ounce in 2026 according to HSBC?

HSBC forecasts gold could reach $5,000 an ounce in the first half of 2026, though they also predict potential volatility and corrections.

What factors are driving the gold price forecast for 2026?

Geopolitical risks and rising global debt are identified as key drivers for the projected increase in gold prices.

What was gold's performance in 2025?

Gold recorded a significant 64% annual gain in 2025, marking its largest increase since 1979.

Home / Business and Economy / Gold to Hit $5,000 Amidst Global Turmoil

Gold to Hit $5,000 Amidst Global Turmoil

8 Jan

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Summary

Gold may reach $5,000 per ounce in early 2026.
HSBC forecasts high volatility and potential price drops.
Gold prices surged 64% in the past year.

Gold to Hit $5,000 Amidst Global Turmoil

Gold prices are poised for a significant rally, potentially reaching $5,000 per ounce in the first half of 2026. This surge is attributed to mounting geopolitical uncertainties and increasing global debt levels. HSBC projects a wide trading range for gold in 2026, indicating high volatility ahead.

Despite the upward price revision, HSBC has also tempered expectations by lowering its average 2026 price forecast to $4,587 from $4,600. The bank warns that a sharp correction could occur later in the year, particularly if geopolitical risks diminish or if the U.S. Federal Reserve alters its interest rate policy by ceasing rate cuts.