‘We anticipate further upside for gold by year-end’ - HSBC’s Sels and Ku

(Kitco News) – Even as U.S. Treasury yields and a stronger dollar continue to limit gold’s upside, growing diversification demand, central bank buying and ETF inflows should support further price gains for the yellow metal by the end of 2026, according to HSBC."Gold did not rally during the Middle East conflict and has largely moved in tandem with equities,” HSBC Global Chief Investment Officer Willem Sels and Global Head of Wealth Insights Lucia Ku wrote. “Our analysis indicates that US yields