HSBC latest release of gold price forecast: Spot gold is expected to break through the $5000 mark in Q1 2026. This prediction comes from a top global financial institution, reflecting a comprehensive consideration of factors such as inflation, geopolitical risks, and dollar depreciation. For traders focused on macroeconomics and cross-asset allocation, this signal is worth noting. Precious metals, as traditional safe-haven assets, often show correlation with cryptocurrencies during market volatility. HSBC's bullish forecast to some extent also confirms the rising global liquidity and economic uncertainty.