Gold Prices Face Wild Swings: HSBC Forecasts Sharp Falls & Rises by 2026

• HSBC predicts significant fluctuations in gold prices by 2026, with potential for both sharp declines and increases from current levels.
• The bank anticipates a correction in gold's value, which could intensify if the cycle of major interest rate cuts concludes this year.
• Geopolitical tensions might drive gold up over 13% by mid-2026, but a correction could also lead to an 11% fall.
• HSBC lowered its average gold price estimate for the year, now expecting prices to trade between $5050 and $3950 per ounce in 2026.
• The bank's revised average price estimate for the full year is $4587, about 4% higher than current levels, down from a previous $4600.

Why It Matters: HSBC forecasts extreme volatility for gold prices in 2026, driven by economic shifts and geopolitics.