GOLD: what AWAITS it in 2023?

[skrimon]

After years period of declining annual CPI, it skyrocketed this year, with inflation reaching highs in most developed countries. The problem has been particularly acute in Europe, where the consumer price index exceeded 10 percent due to disruptions in energy supplies caused by the war. While price pressures are easing, they may remain a key factor to watch next year. 2020 was a record year of fiscal and monetary stimulus, and as a result, 2022 saw interest rates soar as central banks now struggle in vain to control high inflation.

As we approach next year, the factors that drove the markets in 2022 will also be important to gold's role next year. Rising recession fears and inflation, falling real estate prices, and declining cryptocurrency prices all support the case for gold as it regains its position as a safe haven asset and diversification tool. Perhaps the dominant factor will be the dynamics of the stock market, because gold often shows good results in periods of falling stock markets.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ‍

 

[Daantje Pieters]

Gold trading can be risky for you if you don’t know how to trade properly and how to manage trading risk. A trader has to struggle every time in Forex to pull out better return from the market.

 

[Daantje Pieters]

Gold price is skyrocketing in 2023. To grow instant decision-making ability, traders should have high prudence and market analysis ability. Fundamental analysis should be run over the market. Frequent practicing and understanding the market environment help a trader fix this issue.

 

[yliancinho]

nice analysis, but is too swing for me, prefer scalp every day xD