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Gold Driven to Record Highs by Geopolitical Risk, Says HSBC’s Steel
Market Intelligence Analysis
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Why This Matters
HSBC's James Steel predicts gold to reach record highs due to increased geopolitical risk, with potential for frequent market pullbacks.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
James Steel, chief precious metals analyst at HSBC, expects increased volatility and frequent pullbacks ahead for gold with new money coming into the market as he sees geopolitical risk as the main factor driving the metal to record highs. (Source: Bloomberg)
Original article published by
Bloomberg
on January 28, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.