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المشهد العربي
HSBC downgrades gold outlook amid dollar strength
HSBC has lowered its gold price forecasts for this year and the next, citing the strength of the US dollar and a shift towards a more aggressive monetary policy in the United States. The bank now expects the average price per ounce to reach $4,560 in 2026, with a range between $3,800 and $4,700, compared to its previous estimates of $4,864 and $5,000 respectively. This adjustment is due to a subdued demand from central banks for gold purchases, although their long-term diversification strategies continue to support the precious metal.
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