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Outlook 2023: Gold


Gold is expected to have a very active year as a hedge against uncertain events in 2023. For the next 12 months there are many risks, but then there are the unpredicted events that could disrupt markets. A number of expected changes in both fiscal and monetary policy could also affect the direction of gold’s price.

Gold is currently supported by two main sources. The weaker dollar and a slowing pace of Fed interest rate increases. Central banks all over the globe are buying up gold as they approach the end of the year. It is difficult to understand the reasons behind this, as central banks are often reluctant to explain why they are buying safe-havens. One reason is the belief that gold is undervalued on the current market and that it will appreciate over the next few months.

Are you looking for more support from the Fed

One of the main selling points of gold is that it doesn’t suffer from inflation. So, given the skyrocketing CPI last year, how come gold didn’t spike? The rise in interest rates made the dollar attractive and there was a expectation that inflation would fall.

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