27.10.2025 12:12
HSBC predicted that gold could reach $5,000 by the beginning of 2026, with an annual average around $4,600. The bank noted that while it expects volatility in the short term, strong demand from Asian central banks and gold ETFs will support prices.
UK-based HSBC has published a striking report on gold prices. The bank's global investment research unit, HSBC Global Investment Research, forecasts that gold will average around $4,600 in 2026, and could reach $5,000 at the beginning of 2026.
EXPECTATION OF STRONG DEMAND FROM ASIAN CENTRAL BANKS
The report states that there may be some volatility in the short term, but increases in risk appetite will support gold. HSBC emphasized that gold purchases by Asian central banks, particularly the People's Bank of China (PBOC), will remain strong, and that interest in gold ETFs will also drive prices higher.
RETAIL SALES MAY FALL BUT MARGINS WILL BE MAINTAINED
The bank noted that high gold prices could reduce retail sales and store traffic, but the appreciation of stocks could balance profit margins. HSBC also added that strong ETF demand in India and China would not negatively impact local stock markets.
WHAT ARE THE GOLD PRICES?
Gold prices continue to decline on the first trading day of the week. As of 10:00 AM, gold is priced at $4,076 per ounce. Meanwhile, gram gold is reported at 5,498 lira in official figures at 10:00 AM. In the Grand Bazaar, gram gold is being sold for 5,888 lira.
EYES ON THE INTEREST RATE DECISION
This week, all eyes will be on both the Fed's interest rate decision and the Trump-Xi meeting. Trump, who will be speaking at the opening of the Asia-Pacific Economic Cooperation (APEC) Summit, will hold a bilateral meeting with Xi Jinping on Thursday, October 30, the last day of his Asia tour.