HSBC gave a date: Ounce gold could rise to $5,000

Britain-based HSBC Global Investment Research announced its new forecast for gold prices.

The price of an ounce of gold rose to $4,381.60, while the price of a gram of gold reached 5,910.657 lira.

As of now (11:29), an ounce of gold is 4,058.94 dollars, a gram of gold is 5,478.275 lira. The dollar is 41.9762 lira.

According to CNBC-e , HSBC predicted that the price of an ounce of gold will hover around $4,600 in 2026 and could rise to $5,000 in early 2026.

The report said:

“There may be some fluctuation in gold prices in the short term, but increases in global risk appetite will support gold demand.

Gold-backed exchange-traded funds (ETFs), in particular, continue to see strong interest, with the People's Bank of China (PBOC) and other Asian central banks at the center of this.

Central bank purchases, safe-haven demand from investors, and ETF inflows will continue to be the key factors supporting gold's upward trend in the coming period.