World Gold Council Remains Bullish for Gold in 2023
Dec 14, 2022
Despite traditionally acting as a store of value during times of economic upheaval, gold has struggled in the past couple of months as inflation and a surging dollar impacted gold prices. With 2022 coming to a close amid a struggling global economy and full-blown recession, the consensus would be that, based on recent data, gold stocks will continue to struggle into 2023. However, the World Gold Council believes that the precious metal will perform positively in 2023 despite an “unusually high level of uncertainty” around next year’s projections for the metal.
According to the council’s “Gold Outlook 2023: The Global Economy at a Crossroads,” this positive prediction is based on a…
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