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

Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
Today at 7:30 AM
United States. Interest Rate Projection - Current. The value of the indicator has increased from 3.4% to 3.8%
Yesterday at 6:00 PM
United States. Interest Rate Projection - 2nd Yr. The value of the indicator has increased from 3.1% to 3.4%
Yesterday at 6:00 PM
United States. Interest Rate Projection - 1st Yr. The value of the indicator has increased from 3.1% to 3.6%
Yesterday at 6:00 PM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
Yesterday at 6:00 PM
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
Today at 11:01 AM
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
Today at 7:30 AM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
Yesterday at 6:00 PM
United States. Retail Sales (MoM). The value of the indicator has increased from 0.4% to 0.9%
Yesterday at 12:30 PM
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.1%
Yesterday at 9:01 AM
All news

Forecasts

S&P 500 sell
Period: 01.07.2026 Expectation: 250 pips
Go short on SPX with Fed's updated dot plot
Indicators and reports FA Other Hot news Chart analysis
Today at 10:32 AM 19
Sinclair_John
USDJPY sell
Period: 25.06.2026 Expectation: 2100 pips
Selling USDJPY with 158.500 in mind amid rising inflation risks
FA Other Technical analysis Indicators Chart analysis Fundamental analysis
Today at 10:25 AM 8
Lyra_Moonwell1
ETHUSD sell
Period: 25.06.2026 Expectation: 235 pips
ETHUSD sell-off targets $1,500
Indicators and reports FA Other Hot news Chart analysis
Today at 09:12 AM 15
Reed_Marcus
Gold sell
Period: 25.06.2026 Expectation: 2100 pips
Sell gold with $4,110 in sight as Fed stays hawkish
Indicators and reports Technical analysis Indicators Hot news Fundamental analysis
Today at 06:40 AM 28
Emily_Foster
USDJPY buy
Period: 30.06.2026 Expectation: 400 pips
Покупка USDJPY до уровня 160,00
TA Other FA Other
Today at 05:26 AM 32
Bruce_Powers
S&P 500 buy
Period: 31.12.2026 Expectation: 1800 pips
Invest in SPX with $7,700 in view
TA Other FA Other
Today at 04:47 AM 10
Bruce_Powers
Go to forecasts