HSBC expects gold prices to reach $5,000 an ounce in the first half of this year.
HSBC expects gold prices to continue their upward momentum, reaching $5,000 an ounce in the first half of this year. 
However, the bank cut its average forecast for gold prices in 2026 to $4,587 an ounce, down from a previous estimate of $4,600, Reuters reported.
The bank on Wednesday also raised its forecast for silver prices this year to $68.25 an ounce, up from $44.50 previously.
HSBC expects gold prices to reach $5,000 an ounce in the first half of this year.
HSBC expects gold prices to continue their upward momentum, reaching $5,000 an ounce in the first half of this year.
However, the bank cut its average forecast for gold prices in 2026 to $4,587 an ounce, down from a previous estimate of $4,600, Reuters reported.
The bank on Wednesday also raised its forecast for silver prices this year to $68.25 an ounce, up from $44.50 previously.
