Will recession be good for gold price? ANZ weighs in gold economy
After a historic tightening cycle by the Federal Reserve, a recession or a significant economic slowdown is looking very likely. But will that be good for gold?
"The stronger USD also weighed on the precious metal sector. Gold fell amid the decline in investor demand," Australia and New Zealand Banking Group's senior commodity strategist Daniel Hynes."Synchronised rate hikes have weighed on gold in 2022." During the December meeting, the Fed raised rates by 50 basis points, which brought the total increases for the year to 425 basis points.
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.
Gold will explode higher in 2023 but it's the miners investors should pay attention to - ESGO's Eric StrandGold will explode higher in 2023 but it's the miners investors should pay attention to - ESGO's Eric Strand ESGOsEricStrand gold 2023outlook
Read more »
Silver price to beat gold in 2023? Precious metal plays catch-up on strong demand, ETFs remain missing puzzle pieceSilver price to beat gold in 2023? Precious metal plays catch-up on strong demand, ETFs remain missing puzzle piece silver outlook
Read more »
Where do you see gold price in 2023?Where do you see gold price in 2023?
Read more »
Where do you see gold price in 2023Bulls or Bears? Wall Street vs. Main Street puts together leading analysts and regular metals investors to find out where they think gold is headed next week. Picked up and quoted by other leading news organizations, this feature has become a cornerstone for the industry and an indicative benchmark.
Read more »
Gold could see a difficult start to 2023 but will shine brighter by year-end - analysts
Read more »
OSFI head flags rising cost of debt for strained households as biggest risk heading into 2023High household debt and the fastest interest rate hiking cycle in recent memory is the biggest risk to Canada\u0027s economy, says OSFI. Read on
Read more »