According to expectations of strategists of the Internationale Nederlanden Groep, gold will grow in 2023.

The U.S. strategic petroleum reserve (SPR) decreased by more than 40% in two years. The reserves were 371.57 million barrels on January 20, compared to 638.08 million barrels a year ago.

According to Kayrros analysts, jet fuel demand is growing rapidly in defiance of seasonal trends.

U.S. natural gas futures fell 6%, hitting a 19-month low, according to data released Wednesday. This is due to the meteorological forecast of less cold weather in the region and, therefore, a drop in gas demand expected over the next week.

Gold is again in demand among traders and investors who have found new perspectives as rate hikes are gradually suspending, while bond yields are reducing and the dollar is weakening.

Head of Commodity Strategy in Danish Saxo Bank Ole Hansen recently said that if the gold exceeds $2075 per ounce, it may hit the historical high in 2023.

In a recent interview, New York University professor Nouriel Roubini said that the current crisis will force investors to rush into gold. The value of the yellow precious metal will rise to $3,000 by 2028.

Gold is very popular in India. The country ranks second after China in the world in terms of gold consumption. However, silver is also popular in India.

The outlook for gold and silver appears to be promising in 2023. This is reported by precious metals experts Tim Murphy and Joe Elkjer.

A number of analysts forecast a rise in silver to $30 per ounce in 2023, the highest level over the past ten years. The rise in prices will be supported by an imbalance of demand and supply.