Gold exchange rate forecast from Capital Economics

The London-based research firm is forecasting a year-end decline to $1,650 an ounce, but the rally will resume in 2023.

Comment by Caroline Bain, chief commodities economist at the company: "After a sharp depreciation in the second quarter, we believe that the gold exchange rate is near a cyclical low. However, in 2023, the yellow metal will rise in price when you consider the tightening of the Fed's monetary policy. "

Recall that after reaching the mark above $2000 per ounce in March this year, the rate decreased by about 11%. That dynamic has been attributed to a stronger dollar and the Fed's aggressive fight against inflation through interest rate hikes.

Despite this, the world economy can suffer greatly due to the Ukrainian crisis. Therefore, the company predicts an increase in the gold exchange rate in 2023.

Ваш браузер устарел рекомендуем обновить его до последней версии
или использовать другой более современный.

Data Protection Information

By clicking on the "Accept" button, you consent at any time to the use of KALITA.GOLD cookies, third parties and similar methods to optimize the website and its correct operation, as well as to display ads based on interests. Also, other methods used to conveniently customize the website, create anonymous statistics, link information about your use of this website and our online ads to order transaction data and other customer contacts, or to display personalized marketing content on this website and elsewhere. Click "Privacy Policy" to learn more about how we use your data, who our partners are, what you consent to, and your right to recall at any time. By clicking "Accept," you agree to the use of these technologies and the mentioned processing purposes. You can decline your consent here or revoke it at any time in your privacy policy.