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%
Yesterday at 8:30 AM
United States. Interest Rate Projection - Current. The value of the indicator has decreased from 3.6% to 3.4%
18 March
United States. Interest Rate Projection - 1st Yr. The value of the indicator has decreased from 3.4% to 3.1%
18 March
United States. Interest Rate Projection - 2nd Yr. The value of the indicator remained at the same level of 3.1%
18 March
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
18 March
Top news
European Union. Trade Balance. The value of the indicator has decreased from 11.2B to -1.9B
Today at 10:01 AM
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
Yesterday at 1:15 PM
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
Yesterday at 1:15 PM
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
Yesterday at 12:01 PM
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
Yesterday at 8:30 AM
All news

Forecasts

EURUSD sell
Period: 31.05.2026 Expectation: 4500 pips
Selling EURUSD from resistance
Indicators and reports FA Other Hot news Chart analysis
Today at 11:21 AM 15
Sinclair_John
USDCAD buy
Period: 27.03.2026 Expectation: 900 pips
USDCAD resistance looms as overheating sets in
Technical analysis TA Other FA Other Indicators Fundamental analysis
Today at 11:04 AM 13
Lyra_Moonwell1
AUDCAD buy
Period: 27.03.2026 Expectation: 1050 pips
AUDCAD thrives on monetary divergence
Technical analysis Indicators and reports FA Other Chart analysis Fundamental analysis
Today at 10:06 AM 10
Emily_Foster
Brent buy
Period: 31.03.2026 Expectation: 800 pips
Buying Brent crude with $115 in view
Indicators and reports FA Other Hot news Chart analysis
Today at 09:35 AM 13
Reed_Marcus
Gold sell
Period: 31.03.2026 Expectation: 600 pips
Selling gold upon breaking $4,560
Indicators and reports Chart analysis
Today at 08:46 AM 13
McCarthy_Raymond
S&P 500 sell
Period: 30.04.2026 Expectation: 2000 pips
SPX selloff to follow once it consolidates below $6,600
Wave analysis FA Other
Today at 08:46 AM 11
Bruce_Powers
Go to forecasts