Gold surges to 6-month high, and analysts expect records in 2023
Publishing timestamp: 2023-01-03 11:14:20
Summary
Gold prices have been on the rise since November due to market turbulence, rising recession expectations, and more gold purchases from central banks. Analysts are predicting record highs for the precious metal in 2023. Saxo Bank and AuAg ESG Gold Mining ETF have both expressed bullishness on gold prices, with the latter predicting a new all-time high and a "new secular bull market" in 2023.
Sentiment: POSITIVE
Tickers: XAU=,
Keywords: united states, central banking, investment strategy, economic events, gold / us dollar spot, london, wall street, commodity markets, markets, business news, economy,