HSBC raises average gold price forecasts for 2025 and 2026
Gold tends to perform well during periods of economic uncertainty and geopolitical tension, which lifted spot gold to a record high of $3,500.05 an ounce in late April.
Spot gold was trading at $3,348.50/oz at 1146 GMT on Tuesday.
"We anticipate a wide and volatile trading range of $3,600-3,100/oz for the rest of the year and year-end prices of $3,175/oz for 2025 and $3,025/oz for 2026," the bank said in a note on Tuesday.
U.S. Senate Republicans on Monday evening were still trying to pass President Donald Trump's sweeping tax cut and spending bill despite divisions within the party about its expected $3.3 trillion hit to the nation's debt pile.
Meanwhile, Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs as a July 9 deadline approaches.
HSBC said that even if gold prices ease, levels above $3,000 an ounce have reinforced gold's role as a safe haven and effective portfolio diversifier.
It noted that central bank gold purchases will moderate on further rallies above $3,300 and could increase should gold correct nearer to $3,000.
On the physical front, the bank said further gold price gains above $3,500 could lead to reduced demand in the jewellery, coin and small bar markets, particularly in economies such as India and China.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Trend Micro Named a Leader in IDC MarketScape for CNAPP
HONG KONG SAR - Media OutReach Newswire - 2 July 2025 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced it has been named as a Leader in the IDC MarketScape for Worldwide Cloud-Native Application Protection Platforms (CNAPP) 2025 Vendor Assessment (doc #US53549925, June 2025). To read the IDC MarketScape: Worldwide Cloud-Native Application Protection Platform (CNAPP) 2025 Vendor Assessment excerpt, please visit: Rachel Jin, Chief Enterprise Platform Officer at Trend: "For as long as our customers have been leveraging the cloud for strategic advantage, we've offered comprehensive protection for their hybrid environments. Those two decades of experience show in these results. Customers value our cloud security capabilities and effective risk management across the entire attack surface. Security is a true business enabler." The CNAPP category has evolved and expanded over the years to include everything from anti-malware and application control to configuration management, app developer tools, and coverage of virtualized datacenters alongside cloud-native apps/workloads. Trend Vision One™ Cloud Security pushes the boundaries even further by offering enterprise customers AI-powered threat prediction, protection and response—including continuous monitoring to enhance exposure management and resilience as well as streamlined incident response. Trend offers flexible licensing that enables customers to increase or decrease their workloads dynamically. This approach ensures that customers only pay for what they use, making it a cost-effective solution that can adapt to changing business needs. Trend Micro was positioned in the Leaders Category alongside four other worldwide vendors out of a total of 13, evaluated according to current capabilities and 3-5-year strategy, and how well these align with customer needs. Key benefits of Trend Vision One™ Cloud Security include: A comprehensive range of capabilities including cloud risk management, extended detection and response (XDR), server and workload security, container security, file security, and code security Agentless capabilities for streamlined deployment/coverage Strong industry partnership with major cloud players (AWS/Google/Azure/GCP etc) to maintain a cutting-edge advantage Continuous, proactive monitoring of security posture, managed via a centralized dashboard Zero trust architecture Backing from a global network of 500 researchers, analysts and data scientists, and a Zero Day Initiative community of 18,000 external threat researchers According to the IDC MarketScape: "The Trend Vision One™ CNAPP offers multilayered security by centralizing findings and cross-correlating data from various layers, powered by AI, ensuring robust protection against complex attacks. Features like holistic threat detection, risk assessment, and a flexible pay-as-you-go (PAYGO) billing mechanism provide a cost-effective solution that adapts to changing business needs."Hashtag: #trendmicro #trendvisionone #visionone #cybersecurity #cloudsecurity #cnapp The issuer is solely responsible for the content of this announcement. About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. Trend Micro Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. Trend Micro
Zawya
an hour ago
- Zawya
Drug & Medical Device & Aesthetics, 肌顏態 was displayed at the CSD2025, The GeneQueens and 金因敷 launch was grandly held in Changsha
HONG KONG SAR - EQS Newswire - 2 July 2025 - On June 27, 2025, Uni-Bio Science Group Limited (the "Group")grandly held a new medical aesthetics product launch event in Changsha, releasing the high-end series GeneQueens of 肌顏態 ® and the medical device brand 金因敷 ®. Many experts, KOLs and partners attended the event. This launch not only showcased the Group's achievements in R&D, but also marked the comprehensive layout in the "drug, medical device and Aesthetics" field. 1、 High-end medical aesthetics: GeneQueens series At the launch, the Group unveiled the high-end series of 肌顏態 ® -——GeneQueens TM (Human-Sequence Triple Protein Repair & Balance Ampoule). which functions on skin repair and anti-aging. By activating cell regeneration, it helps users restore their youthful and healthy skin condition. GeneQueens TM sets a new standard for anti-aging and repair by adding three core ingredients in sufficient quantities. Skbrella FN, as a key ingredient for cell repair, can accelerate the healing of skin wounds and promote the adhesion and migration of new cells. III Collagen strongly fills the skin structure, significantly enhancing elasticity and firmness. XVII Collagen can strengthen the connection between the epidermis and dermis, and consolidate the youthful foundation of the skin. In addition, GeneQueens adopts a sterile and preservative-free formula, relying on high-purity raw materials and patented technology, providing users with an "instant enjoyment" precise and efficient experience. Its unique formula and outstanding efficacy were highly recognized by many experts on the spot. 2 、 金因敷 showcased a variety of new products Meanwhile, the Group also launched several new products of its medical device brand - 金因敷 ®, focusing on the professional repair field of medical aesthetics. 金因敷 ® complies with strict clinical trials and quality inspections to ensure its safety and effectiveness. The product adopts a high-purity non-allergenic formula, which can moisturize and accelerate wound repair. It also uses an exclusive cooling technology to relieve postoperative swelling and pain, providing a professional solution for sensitive skin and post-medical procedure care. 3 、 The latest research data was presented at CSD2025 It is worth mentioning that 肌顏態 ® also showcased the research data of "The Efficacy Study of Fibronectin in the Repair of Skin Barrier Damage for the post-medical procedure" jointly conducted with the Cosmetics Testing Center of the Dermatology Hospital of Southern Medical University in the poster area of the 30th Academic Conference of the Chinese Medical Association (CSD2025). This is not only an endorsement of the Group's research capabilities, but also provides experts and scholars in the industry with an opportunity to gain a deeper understanding of the 肌顏態 ® technology and products. As an annual grand event in the field of dermatology and venereology in China, CSD2025 brings together authoritative experts and scholars in dermatology across the country, presenting multi-dimensional academic achievements and exchanges of ideas. The poster area is one of the core venues of the academic annual conference. Posters are not only an important way for researchers to showcase their scientific research achievements, but also a key link in promoting the dissemination of academic ideas and the feedback of clinical practice. 4 、 Academic speeches by several experts Several clinical experts at the launch further recognized the significant clinical value of 肌顏態 ® and 金因敷 ®. The experts highlighted that 肌顏態 ® ' s patented ingredient, Skbrella FN, demonstrates immense potential in improving damaged sensitive skin barriers, reducing inflammatory erythema, alleviating discomfort sensations such as burning, tightness and itching, as well as enhancing post-laser repair and healing. In the clinical observations over the past few months, many patients treated with 肌顏態 ® have achieved remarkable therapeutic effects. The symptoms of anesthetic allergy have been rapidly relieved, the inflammatory pigmentation post-laser has significantly improved, the skin barrier has been repaired, and the patient satisfaction rate is extremely high. 金因敷 ® can effectively reduce redness, swelling and pain for post-medical procedures, accelerate wound healing and shorten the recovery time. 6 、 The signing ceremony reflects the market potential Mr. Zhao Zhigang, CEO of Uni-Bio Science Group, emphasized: " We have always adhered to the standards of biopharmaceuticals in creating skin care products. The release of GeneQueens and 金因敷 is an important milestone in building the "Drugs, Medical device and Aesthetics" strategy and creating a full-cycle skin care solution, aiming to meet consumers' increasingly refined skin health needs. " Furthermore, Ms. Liu Yihua, President of Global Cosmetics Group, attended the launch as an important guest. Uni-Bio Science Group and Global Cosmetics Group have jointly established a medical research co-creation biological platform. Utilizing gene-editing biosynthesis technology, the platform has launched Skbrella FN – a highly bioactive recombinant human fibronectin known as "皮優理". The launch also witnessed a grand strategic signing ceremony. The Group has achieved in-depth cooperation with many well-known medical aesthetics chain institutions and well-known agents. This signing is not only a high recognition of the quality and market potential of GeneQueens and 金因敷 ®, but also a key step for the Group to accelerate commercialization and expand channels. Through strong alliances with leading channel partners, the Group will reach the core consumers and ensure the rapid release of huge commercial value. The successful holding of this launch not only marks a crucial step for the Group in medical aesthetics and medical devices, but also demonstrates the Group's in-depth layout and forward-looking vision in the "Drugs, Medical device and Aesthetics" strategy. In the future, the Group will continue to be guided by technology and oriented towards clinical value, accelerate product innovation and technological upgrading, constantly enrich pipeline, and meet the growing market #UniBioScienceGroup The issuer is solely responsible for the content of this announcement. Uni-Bio Science Group
Zawya
an hour ago
- Zawya
UAE, China explore cooperation in energy, infrastructure
Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of Adnoc, and Chairman of Masdar, conducted a working visit to the People's Republic of China, where he met with senior Chinese government officials as well as top executives from leading Chinese companies. The visit aimed to strengthen bilateral relations and expand cooperation in energy, renewable energy, industry, and infrastructure. During the visit, Dr Al Jaber met with Lan Fo'an, China's Minister of Finance, and Liu Jianchao, Head of the International Department of the Central Committee of the Communist Party (CPC) of China, and Zou Jiayi, President of AIIB in the presence of Hussain bin Ibrahim Al Hammadi, UAE Ambassador to China. Dr Al Jaber emphasised the UAE's unwavering commitment to strengthening and expanding the Comprehensive Strategic Partnership with China, and the importance of launching new initiatives that support the development goals of both nations, with a focus on empowering national companies and enhancing collaboration between the public and private sectors, in a way that supports mutual sustainable economic growth and prosperity. Dr Al Jaber held a series of meetings with senior leaders from major Chinese companies, including Wang Yuetao, Chairman of ZhenHua Oil, Liao Zengtai, Chairman of Wanhua, a leading chemicals manufacturing company; Liu Haoling, President of the China Investment Corporation (CIC); Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), one of the world's largest energy and petrochemical companies; Zhang Chuanjiang, Chairman of China National Offshore Oil Corporation (CNOOC); Zhang Lei, Chairman of Envision, specialising in renewables and smart energy management solutions; Song Hailiang, Chairman of China Energy Engineering Corporation (CEEC), active in energy and infrastructure projects. The meetings focused on the latest developments in cooperation across energy sectors, including renewables, oil and gas, LNG, refining, and petrochemicals, as well as strategic shipping and storage. They also explored ways to enhance investments in priority areas of mutual interest and potential industrial infrastructure projects, in line with both countries' shared interest to advancing industrial and technological partnerships that support sustainable development, facilitate knowledge transfer and localisation, and boost global competitiveness. China remains the UAE's largest trading partner, with total bilateral trade exceeding US$100 billion in 2024, reflecting a year-on-year growth of 7%, driven primarily by an 18% increase in imports. In the first quarter of 2025, non-oil trade between the two countries grew by approximately 18% compared to the same period last year, supported by a 32.5% rise in exports, a 20.2% increase in re-exports, and a 12.7% growth in imports.
