HSBC cut its gold price forecast to $1,850 from $2,025 for this year and to $1,800 an ounce from $1,850 for 2013. The bank did not changed the forecast for the period between 2015 and 2019, expecting the gold price to fall to $1,500.The bank says the gold is likely to recover this year and the market sentiment will remain bullish supported by global economic uncertainty.