Gold will average $1,745 per ounce in 2023, a recent Reuters poll showed, amid fading appeal of the strong dollar and high interest rates.
The poll of 35 analysts showed the gold price averages to reach $1,750 per ounce in the fourth quarter of 2022, and $1,745 in 2023.
"The U.S. dollar dominance with rising real bond yields are affecting gold market sentiment," said Carsten Menke, analyst at Julius Baer. He noted further price declines are possible, but "the baseline scenario requires stabilization at current levels."
Source: Reuters.com
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