Outlook 2023: Gold

From orbex.com

As a hedge against uncertainty, gold is expected to have quite an active year in 2023. There are many risk events already on the calendar for the next 12 months, and then we have to consider the unforeseeable events that could shake up markets. There are also a series of expected changes in both monetary and fiscal policy that could change the direction of the price in gold. For the moment, gold is getting support from two main sources: The weaker dollar as the Fed slows down the pace of its interest rate hikes. And central banks around the world are buying up gold going into the end of the year. The reasons for the ... (full story)