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HSBC cuts its average gold forecasts to $4,560/oz for 2026 and $4,925/oz for 2027, down from prior forecasts of $4,864/oz and $5,000/oz.

2026-07-09

HSBC cuts its average gold forecasts to $4,560/oz for 2026 and $4,925/oz for 2027, down from prior forecasts of $4,864/oz and $5,000/oz.

Other News
2026-07-09

Abas Aslani, senior researcher at the Tehran-based Middle East Strategic Research Center, said US lethal strikes were a counter to Iran’s stance on a “new security arrangement” for the Strait of Hormuz. He said Trump initially regard the interim deal

Abas Aslani, senior researcher at the Tehran-based Middle East Strategic Research Center, said US lethal strikes were a counter to Iran’s stance on a “new security arrangement” for the Strait of Hormuz. He said Trump initially regard the interim deal as an “exit mechanism” to avoid a larger war and that domestic political pressure, plus pressure from Israel, likely contributed to the strikes. Aslani warned diplomatic space is narrowing; Tehran views the attacks as an effort to weaken its control over the Strait. He added the recent strikes were relatively limited in timing, scope and scale — suggesting the US may not want to trigger a wider regional conflict — but said the situation is highly unstable and any miscalculation could escalate into a regional war.
2026-07-09

According to Iran's Press TV, a U.S. military base in Kuwait was attacked in retaliation by Iran.

According to Iran's Press TV, a U.S. military base in Kuwait was attacked in retaliation by Iran.
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