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HSBC forecasts gold to trade between $3,800 and $4,700 per ounce for the remainder of 2026, with a year-end target of $4,750/oz.

2026-07-09

HSBC forecasts gold to trade between $3,800 and $4,700 per ounce for the remainder of 2026, with a year-end target of $4,750/oz.

Other News
2026-07-09

US-Iran tensions lifted oil prices and raised bets the Bank of England will tighten; sterling rose to a one-year high vs the euro and a three-week high vs the dollar. Monex Europe said the oil shock is reinforcing the Bank of England's tightening out

US-Iran tensions lifted oil prices and raised bets the Bank of England will tighten; sterling rose to a one-year high vs the euro and a three-week high vs the dollar. Monex Europe said the oil shock is reinforcing the Bank of England's tightening outlook and that "the UK's inf problem remains more stubborn than the US or euro area." Easing UK political risks and an IMF upgrade to the UK's growth forecast also underpinned sterling.
2026-07-09

Jiahuang Capital Markets analyst Daria Parkhomenko said sterling’s attractive yields could push GBP higher versus the euro in the near term if UK fiscal concerns do not re-emerge. She said EUR/GBP has been trading as a carry play and would likely con

Jiahuang Capital Markets analyst Daria Parkhomenko said sterling’s attractive yields could push GBP higher versus the euro in the near term if UK fiscal concerns do not re-emerge. She said EUR/GBP has been trading as a carry play and would likely continue to fall while fiscal risk remains low. The key risk is who Andy Burnham would appoint as chancellor if he became prime minister.
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