Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
25 November 2022 | Other

Bank Societe Generale recommends using gold as a defensive asset

EURCHF
USDCHF
GBPCHF
Gold

Recently bank Societe Generale has recommended that clients hold part of their savings in gold to stabilize their investment portfolio.

It occurred because lately, the price of this precious metal has demonstrated stable and steady growth.

According to FXStreet.com, the bank supposes that investments in gold and Swiss franc can help to protect oneself from systemic risks. They are common after monetary tightening. Gold and the Swiss franc, in turn, will help reduce the volatility of the investment portfolio.

Societe Generale gives a cautious forecast about the prices for gold in 2023. They will likely increase. The bank suggests that the gold price will be $1650 per ounce, and by 2025 it will be $1900.



Company MarketCheese

Recommended

United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 165.6K to 160K
13 February
United States. CPI (MoM). The value of the indicator has decreased from 0.3% to 0.2%
13 February
United States. CPI (YoY). The value of the indicator has decreased from 2.7% to 2.4%
13 February
South Africa. Gold Production (YoY). The value of the indicator has increased from -6% to 1.1%
12 February
United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 205.4K to 165.6K
6 February
Top news
United States. CPI (YoY). The value of the indicator has decreased from 2.7% to 2.4%
13 February
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.3%
13 February
European Union. Trade Balance. The value of the indicator has increased from 9.3B to 12.6B
13 February
United States. Nonfarm Payrolls. The value of the indicator has increased from 48K to 130K
11 February
United States. Unemployment Rate. The value of the indicator has decreased from 4.4% to 4.3%
11 February
All news

Forecasts

USDCAD buy
Period: 26.02.2026 Expectation: 1990 pips
USDCAD climbs to channel limit on soft Canadian CPI
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 10:54 AM 4
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
BTCUSD sell
Period: 28.02.2026 Expectation: 7500 pips
Selling Bitcoin down to $60,200 support
TA Other Indicators and reports Chart analysis Indicators
Today at 10:04 AM 9
Sinclair_John
USDJPY buy
Period: 30.04.2026 Expectation: 3000 pips
Investing in USDJPY up to 156.50 resistance
Indicators and reports Chart analysis
Today at 08:55 AM 7
Bruce_Powers
Gold buy
Period: 20.02.2026 Expectation: 220 pips
Buying gold with $5,120 in view
Indicators and reports Chart analysis Indicators
Today at 07:21 AM 9
Sinclair_John
EURUSD buy
Period: 26.02.2026 Expectation: 890 pips
EURUSD is poised to rebound in anticipation of Fed’s hints
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Today at 07:19 AM 13
Emily_Foster
Tesla Inc buy
Period: 25.02.2026 Expectation: 3000 pips
Accumulated positions near key support are signal to buy Tesla stock
FA Other Technical analysis TA Other Indicators Fundamental analysis
Yesterday at 10:19 AM 42
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Go to forecasts