HSBC Predicts Gold Surge to $5,000 Following Silver Volatility Warnings

HSBC predicts gold prices could climb to $5,000 per ounce by 2026 following a volatile period where Goldman Sachs warned of silver market bottlenecks.The bank adjusted its 2026 average gold forecast to $4,587 per ounce while raising long-term projections for 2027 and 2028 due to geopolitical risks.Lina Thomas and Daan Struyven noted that thin silver inventories in London and Chinese export restrictions are likely to cause localized price squeezes.