HSBC on Friday forecast that gold’s bull rally would drive prices as high as $5,000 an ounce in 2026, supported by elevated risks and the impact of new entrants into the market.
Spot gold breached the $4,300 level on Thursday and was headed for its strongest week since December 2008.
The advance has been fueled by geopolitical tensions, robust central bank buying, rising exchange-traded-fund inflows, expectations of U.S. rate cuts and tariff-related economic uncertainties.
Gerald Celente has long been known as a contrarian trend forecaster, and in recent years he has grown increasingly bullish on gold and silver as safe-haven assets.
He argues that mounting global debt, aggressive monetary easing, and mounting geopolitical tensions make precious metals an essential hedge against currency debasement. In multiple recent interviews, he’s predicted that as interest rates fall and the U.S. dollar weakens, gold could surge dramatically—at times he has floated targets as high as $10,000 per ounce in extreme scenarios.
Credit to : HTZ CAP