GOLD FORECAST 2023

We have decided to start 2023 by making predictions on the gold price. We can't tell the future, obviously, but trying to understand what awaits us can always be useful.In 2022, gold was not really considered a safe haven. Rising interest rates have presented economic imbalances, increasing the cost of holding gold.In 2022 gold reached its lowest quotation in October on the threshold of $1,650/ounce, then recently started to rise again taking advantage of the weakness of the US dollar, which historically has always shown inverse quotation compared to price of gold.

According to the latest information from investment banks, demand for precious metals could rise in 2023, being stimulated by easing of the monetary tightening.The economic forecasts for 2023, shared by the various investment banks, present a certainly positive scenario for the gold metal.As a result, an increase in the demand for gold is expected, mainly due to the maximum value of the dollar

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