HSBC predicts gold could reach $5,000 an ounce by the first half of 2026, acknowledging potential short-term volatility. The current spot price is around $4,580, with a potential 10% increase to $5,000. While the bank has lowered its average gold price estimate for 2026, it foresees sharp price movements and wider trading ranges. Other major banks like Bank of America, JPMorgan, Goldman Sachs, and Morgan Stanley are also forecasting significant gold price targets for 2026. The surge in gold prices in 2025 was driven by central bank buying, safe-haven demand, and anticipation of lower interest rates, resulting in the yellow metal’s biggest annual rise since 1979.

Read more at Yahoo Finance: Major bank issues striking new gold forecast