12 January 2023 | Other

Gold will reach new local highs in 2023, says Peter Grandich

Ace investor Peter Grandich supposes that the majority of markets will weaken soon. However, some assets are underestimated. These are gold and silver.

Peter Grandich is famous as the author of the book Confessions of a Wall Street Whiz Kid and the person who accurately predicted the fall of the cryptocurrency and asset market in 2022. During the interview with Kitco News, the investor shared his vision of the situation in 2023. 

Grandich thinks that the metal sector will see steady growth, caused by fundamental factors. According to him, gold and silver are in a favorable position because the purchases of central banks support the yellow metal. Gold's ability to maintain its position during the whole last year implies that any step of the Fed to more dovish policy will cause the growth of precious metal. The investor says that a new high is ahead.

Company MarketCheese
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
Today at 08:53 AM 5
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
Yesterday at 10:38 AM 34
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
Yesterday at 08:19 AM 38
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 66
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 44
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
08 July 2025 109
Go to forecasts