Gold Price Volatility Ahead: HSBC Forecasts Sharp Swings by 2026

• HSBC predicts significant fluctuations in gold prices by 2026, with potential for both sharp declines and increases.
• A correction in gold prices is anticipated, especially if interest rate cuts accelerate this year.
• Geopolitical tensions could drive gold prices up by over 13% in early 2026, but prices could also correct by up to 11% if tensions subside or Fed stops rate cuts.
• HSBC revised its average gold price forecast for 2026 to a range of $3950-$5050 per ounce, with an end-of-year estimate of $4,450.
• Geopolitical events and US Fed monetary policy are expected to be key drivers for gold and silver prices in 2026.

Why It Matters: HSBC forecasts high volatility for gold prices by 2026, driven by interest rates and geopolitical events.