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2025-12-05 10:18:57 Amid the rise in the USD and US treasury yields, gold prices continued to hike, HSBC Global Research issued a research report saying. The broker currently estimated that gold prices can remain strong at least until the next FOMC meeting, and believed that market expectations for the next Fed Chair and geopolitical risks also provide support for gold prices. Ryan Wang, US Economist at HSBC Global Research, predicted that the Fed will announce a 25 bps rate cut at the December monetary policy meeting, but the FOMC may show more divergent views externally. Wang projected that the federal funds target range will remain unchanged at 3.5-3.75% for 2026/ 2027, and market expectations for a rate cut next year will support gold prices. ~ AASTOCKS Financial News Website: www.aastocks.com | |