HSBC Latest Gold Price Forecast: Spot gold prices are expected to break through the $5,000 mark in the first quarter of 2026. This forecast comes from a leading global financial institution and reflects a comprehensive consideration of factors such as inflation, geopolitical risks, and US dollar depreciation. For traders focused on macroeconomic trends and cross-asset allocation, this signal is worth noting. Precious metals, as traditional safe-haven assets, often show correlation with crypto assets during market volatility. HSBC's bullish forecast, in a sense, also confirms the rising global liquidity and economic uncertainty in the current environment.