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Gold Could Trade Above $4,000/Oz Near Term, HSBC Says
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Gold Could Trade Above $4,000/Oz Near Term, HSBC Says
HSBC said gold could trade above $4,000 per ounce in the near term, driven by geopolitical risks, fiscal uncertainties, and threats to the Federal Reserve’s independence. “Rallies can continue into 2026 aided by official sector buying; institutional demand for gold as a diversifier can stay robust,” the bank said in a note dated Friday. Spot gold scaled a record high of $3,896.49 on Thursday amid elevated uncertainty from a U.S. government shutd…
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