HSBC Predicts Gold's Rollercoaster: 2024 Surge Followed by 12% Drop in 2025 HSBC has revised its gold price forecast, predicting a short-term rise followed by a significant drop in 2025. Despite gold reaching record highs in May 2024, driven by safe haven demand, hedge fund purchases, and expectations of central bank rate cuts, HSBC analysts anticipate that positive real rates will eventually weigh on gold prices. While the bank has raised its 2024 average price forecast to $2,305/oz due to near-term strength, it has lowered its 2025 projection to $1,980/oz, suggesting a 12% decline from current levels. This forecast comes amid a complex market environment where strong OTC and real money investor purchases are offsetting ETF liquidations, but analysts believe the current bullish sentiment may be overstretched. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Diminished Fed Rate Cut Hopes to Keep U.S. Treasury Yields Elevated READ MORE China's Gold Reserves Climb as Market Faces Mixed Demand Dynamics READ MORE Citi Forecasts Gold Prices Could Hit $3,000 Within a Year READ MORE Gold ETFs Face $6.7bn Exodus in H1 2024, Worst First-Half Since 2013 READ MORE Oil Reaches $85 for the First Time Since October READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment