CommoditiesOctober 1 at 08:02 AM

HSBC cuts its 2026 average gold price forecast to USD 4,490/oz (prev. USD 4,560/oz); gold likely to face further short-term downside pressure but may be nearing a bottom

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HSBC lowered its 2026 average gold forecast to USD 4,490/oz; the item says short-term downside pressure is likely, though gold may be nearing a bottom.

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HSBCHSBC Holdings PLC$95.72Current price

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HSBC cuts its 2026 average gold price forecast to USD 4,490/oz (prev. USD 4,560/oz); gold likely to face further short-term downside pressure but may be nearing a bottom

What do investors think?

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HSBC cuts its 2026 average gold price forecast to USD 4,490/oz (prev. USD 4,560/oz); gold likely to face further short-term downside pressure but may be nearing a bottom

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What do investors think?

Today's market highlights

US President Trump sees a ramping up of bombing Iran after midterms as "possible", reports Time Magazine

The US has reportedly told France and Germany to release emergency diesel stocks or face a possible export ban, according to sources

SpaceX’s (SPCX) AI unit held talks over the summer about leasing computing capacity to Microsoft (MSFT), reports The Information