HSBC has joined a growing number of major banks forecasting gold at $5,000 per ounce by 2026, as geopolitical tensions, central bank demand, and policy uncertainty fuel one of the strongest bull markets in decades.
Gold’s global market capitalization has surpassed $30 trillion for the first time ever, fueled by record prices above $4,280 per ounce and sustained safe-haven demand amid global uncertainty.
Gold prices hit a new all-time high above $4,200 per ounce as investors reacted to deepening U.S.-China trade tensions and rising bets on further Federal Reserve rate cuts.
Gold hit a record $4,179 per ounce on Tuesday as investors piled into safe-haven assets amid escalating US-China trade tensions and expectations for deeper Federal Reserve rate cuts.
Gold prices surged to a record $4,000 per ounce, driven by renewed demand for safe-haven assets amid global market volatility and interest rate uncertainty.
Gold surged to a record high above $3,800 per ounce Monday as investors rushed into safe haven assets amid fears of a U.S. government shutdown and growing expectations of Federal Reserve rate cuts.