Gold challenges $5000

Journalists found that Wall Street generally optimistic about the trend of gold prices next year, with a target range of $4800-$5000. HSBC Bank recently stated in a commodity outlook report that the momentum for gold's rise is expected to continue until 2026, driven by strong central bank purchases of gold, ongoing fiscal concerns in the United States, and further expectations of monetary easing, with a target price of $5000. The report emphasized that the U.S. fiscal deficit issue is an important factor driving gold demand. Investors are increasingly viewing gold as a tool to hedge against debt sustainability risks and potential weakness in the U.S. dollar. HSBC also forecasts that central bank demand for gold will remain high, especially continuous purchases by emerging market central banks which will provide key support. However, HSBC also warned that if the Federal Reserve cuts interest rates fewer times than expected by the market, the upward trajectory of gold prices may face resistance.