In 2023, investors bet on gold and silver

The survey of foreign investors and analysts showed that the trend for rising prices of precious metals, which started at the end of 2023, will remain in the new year.

According to the Kitco survey, its participants suppose that gold and silver will be the most profitable assets in 2022. At the same time, they were almost equally divided between the two precious metals.

Wall Street also thinks that the prospects of these precious metals will be positive in 2023. According to analysts’ data, the yellow metal will go up amid the fall of the dollar index and the decrease in economic growth rates in the U.S. The Fed will aim for a more dovish monetary policy.

Head of real asset strategy in Wells Fargo John LaForge suggests that the rate of the yellow metal is already considering the new policy of the Fed. He says that the rate of the precious metal started to grow in the last several months amid rumors of a reversal in monetary policy. This year, both precious metals will begin to grow, and silver will show a higher result. Many analysts are positive about the prospects for silver in 2023. The price of an ounce of this metal may again reach $23. The price of gold will be in the range between $1900 and $2000 per ounce.