Amid escalating geopolitical tensions, HSBC has revised its gold price forecasts upwards. The global banking giant anticipates the yellow metal to benefit as investors flock to so-called ‘safe haven’ assets in uncertain times. Historically, gold prices rally when geopolitical risks increase, providing a cushion for investors against financial market volatility. The upsurge in gold prices is further strengthened by various global factors, including inflationary pressures, weakened global currencies, and low-interest rates. HSBC’s revised forecast reiterates the classic investing mantra of ‘buy gold in times of turmoil’.n Read More
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