HSBC Bank stated that the price of gold may reach the $5,000 level in the first half of the year.

Since the beginning of this year, the international gold price has risen by about 6%. Analysts at HSBC believe that the current upward momentum in gold prices still exists, and the price of gold may reach $5,000 per ounce in the first half of 2026. The bank points out that safe-haven demand, weakness in the US dollar, and policy uncertainty are all supporting factors for gold prices, while the expansion of deficits in many countries continues to stimulate demand for gold. At the same time, due to the ongoing tight supply in the silver market, international silver prices are showing significant gains. The price of silver in the London spot market has risen by over 17% since the beginning of the year, significantly outperforming gold. Market analysis suggests that the current shortage of silver supply is unlikely to be relieved in the short term. In this environment, the market expects the price of silver to continue its upward trend.