Retail investors are significantly bullish on gold heading into 2023 Retailinvestors goldsurvey outlook2023
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
The year saw consumer prices hit their highest level in more than 40 years; however, because of the inflation threat, the Federal Reserve was forced to raise interest rates by 425 basis points, its most aggressive policy stance in 41 years. The gold market has seen renewed interest as there appears to be light at the end of the tunnel. Gold has seen an impressive rally in the final quarter of 2022, with prices rising 11% from a two-year low to $1,800 an ounce.
This past week 1,213 respondents participated in Kitco's online outlook survey. The average price target among the participants was $2,279 per ounce. Bank of America is one of the most bullish on gold and, in its 2023 outlook, said the yellow metal has a path to $2,000 an ounce next year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mostly Volatile but Bullish Outlook: 10 Crypto Predictions for 2023Mostly Volatile but Bullish Outlook: 10 Crypto Predictions for 2023 Bitcoin BTC crypto
Read more »
U.S. economy on thin ice: These are top recession bets for 2023U.S. economy on thin ice: These are top recession bets for 2023 economy outlook
Read more »
Solana updates community on 2023 outlook, could SOL recovery be on the cards?Solana has hinted at the launch of the Solana mobile and the deployment of Fire Dancer in 2023. SOL price has been unable to fully recover post-FTX crash, while developer activity seems to be recovering. In its most recent posts, Solana has provided what could be seen as proof of life by highlighting its accomplishments […]
Read more »
Gold prices to push above $2,000 and silver to double on its way to $50 in 2023 - Avi GilburtGold prices to push above $2,000 and silver to double on its way to $50 in 2023 - Avi Gilburt AviGilburt gold silver
Read more »
'Centralization' and 'leverage' fed Crypto Winter, but Bitcoin will regain its losses - Hong Fang'Centralization' and 'leverage' fed Crypto Winter, but Bitcoin will regain its losses - Hong Fang CryptoWinter bitcoin Cryptocurrencies
Read more »
'This time is different' for uranium, which could reach $80 in 2023 - Lobo Tiggre'This time is different' for uranium, which could reach $80 in 2023 - Lobo Tiggre
Read more »