Gold forecast (HSBC): Gold are likely to move higher in the short term
Gold forecast (HABC): Gold is likely to move higher in the short term and may be helped by a pickup in Indian festive buying ahead of Diwali and the Indian wedding season, we believe,” strategists at HSBC wrote, in a report from the end of October.
The HSBC strategists said gold has likely been supported recently by month-end position squaring, and could see more upside after managing to stay above the $1,700-an-ounce mark.
