HSBC raised its 2025 gold price forecast to $3,015 an ounce (previously $2,687 an ounce) and its 2026 forecast to $2,915 an ounce (previously $2,615 an ounce).
Coinglass data show that in the past 1 hour, the whole network liquidated $2615.68 million, of which empty single liquidated $2420.57 million, and multiple single liquidated $1.9511 million.
Spot gold fell by $7 in the short term, now reported at $2615.17/ounce; spot silver fell to $31/ounce, down 1.10% in the day.