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Trump's Copper Tariff in Context

Housekeeping: Good Morning.

“Strategy is just tactics on a longer timeline”

Topics:

* Bullion Bank Hates the Gold, But Raises its Target

* Trump's Copper Tariff Hike in Context (starts 5:15)

Market Analysis:

Despite geopolitical and fiscal tailwinds, HSBC says the $3,500/oz ceiling holds unless new shocks emerge. The revised forecast underscores a behavioral paradox: higher targets, yet a lower conviction on sustained upside. Which is the signal, a raised target, or a lower outlook.

Full analysis in Premium Post: HSBC Raises Gold Price Target, Then Gets Bearish

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