HSBC: The Gold Price Rally Will Be Capped

As commodity analysts across Wall Street rush to hike their price targets for gold following the precious metal’s recent rally, James Steel Chief Precious Metals Analyst at HSBC has adopted a more cautious stance.

Indeed, Steel and his team at HSBC believe that gold bullion prices are now close to a ceiling after rallying 25% year-to-date. In a research note sent out to clients earlier this week, Steel explains why the bank believes gold is starting to lose its sparkle.
A volatile outlook for the gold price 
While some analysts believe that the . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0