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-9.26354793885216E-05 0.000648448355720309 0.00111162575266331 -9.26354793885216E-05 -0.00101899027327466 -0.00407596109309864 -0.00629921259842513 -0.00389069013432146
Stock impact report

HSBC raises gold price forecasts amid geopolitical tensions [Yahoo! Finance Canada]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
This is an increase from its previous forecasts of $2,687 and $2,615, it said in a note dated Wednesday. The investment bank said geopolitical risks, including the Ukraine war and Middle East conflicts, along with U.S. foreign policy changes and economic uncertainty, are driving gold prices higher. Global markets are in turmoil following U.S. President Donald Trump's reciprocal tariffs move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth. Spot gold was currently down 1.4% as of 1350 GMT after rising to a record high of $3,167.57 earlier in the session. [GOL/] Central banks are likely to keep buying gold this year and the next but HSBC warns purchases may fall below 2022-24 peak levels, moderating if prices rise above $3,000 an ounce and increasing if they drop below $2,800 approximately. "Steep and sustai Show less Read more
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