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 252.9K to 232K
21 November
United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 266.7K to 252.9K
20 November
South Africa. Gold Production (YoY). The value of the indicator has increased from -3.6% to 5.9%
13 November
United States. Atlanta Fed GDPNow. The value of the indicator remained at the same level of 3.9%
Yesterday at 4:47 PM
United States. ISM Manufacturing PMI. The value of the indicator has decreased from 48.7 to 48.2
Yesterday at 3:01 PM
Top news
United States. ISM Manufacturing PMI. The value of the indicator has decreased from 48.7 to 48.2
Yesterday at 3:01 PM
European Union. Manufacturing PMI. The value of the indicator has decreased from 49.7 to 49.6
Yesterday at 9:01 AM
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.6% to 0.2%
25 November
European Union. Manufacturing PMI. The value of the indicator has decreased from 50 to 49.7
21 November
United States. Nonfarm Payrolls. The value of the indicator has increased from -4K to 119K
20 November
All news

Forecasts

Brent sell
Period: 15.12.2025 Expectation: 270 pips
Brent selloff amid rising supply
FA Other TA Other
Yesterday at 11:32 AM 20
Bruce_Powers
BTCUSD buy
Period: 31.01.2026 Expectation: 19000 pips
Investing in Bitcoin from $81,000 support
FA Other TA Other
Yesterday at 11:32 AM 33
McCarthy_Raymond
Silver sell
Period: 07.12.2025 Expectation: 3700 pips
Silver updates historical high and triggers profit-taking
Technical analysis FA Other TA Other Indicators Fundamental analysis
Yesterday at 09:10 AM 26
Lyra_Moonwell1
S&P 500 sell
Period: 12.12.2025 Expectation: 1500 pips
S&P 500 eyes pullback to 6,650 after strong rally
FA Other Chart analysis Indicators
Yesterday at 08:51 AM 23
Tom_Kern
Gold sell
Period: 07.12.2025 Expectation: 16400 pips
Gold is poised to correct following its two-week rally
Technical analysis Indicators and reports FA Other TA Other Fundamental analysis
Yesterday at 06:40 AM 48
Emily_Foster
AUDCAD buy
Period: 05.12.2025 Expectation: 800 pips
AUDCAD approaches upper boundary of flat channel
FA Other Chart analysis Indicators
28 November 2025 76
Tom_Kern
Go to forecasts