HSBC Warns Gold Rally Running Out of Steam as Safe-Haven Demand Fades

25.07.01

After reaching a record $3,500 per ounce in April, gold has lost momentum and pulled back approximately 5%, puzzling analysts who expected geopolitical volatility and dollar weakness to drive prices higher. HSBC’s chief precious metals analyst James Steele sees this as the beginning of a larger correction, joining other analysts…

Read More

Share This Article

Choose Your Platform: Facebook Twitter Linkedin