Gold's rally will continue into 2023, these 3 indicators reveal why - Alain Corbani gold inflation federalreserve
Despite its lackluster performance in 2022, gold has recently seen a surprise rally, with its price rising 16.9 percent over the past three months. This rally will continue into 2023, according to Alain Corbani, Portfolio Manager at the Gold & Precious Fund.
“All these three key data have started an inverted move,” he observed. “They stopped peaking and are heading south… We had a rebound in the price of gold because the data coming from the inflation front, the U.S. dollar weakening, and the interest rates going down, all triggered a new interest in the price of gold.”Corbani spoke with David Lin, Anchor and Producer at Kitco News.
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