Will the gold price ever power through the $2,000 an-ounce level again in 2023 or in 2024? That’s the million-dollar question as the precious metal has struggled to rise above the crucial psychological level, three times on the bounce. It, therefore, does not come as a surprise that there is a manner of mixed sentiment on the gold price prediction for 2023, with the metal having clocked a record high in the first half of the year and then pulling back significantly.

With each push to the $2050 area, a steep selloff has always ensued, resulting in a deep correction. With a new record high already recorded in the first half of 2023, will the gold rate decrease in the coming days, or will gold prices go up?

Those are some of the big questions in investment circles as the precious metal remains in a precarious position and at risk of plunging below the $1900 an ounce level amid US dollar strength. Consequently, gold price predictions for 2023 vary widely as analysts and strategists hold divergent views regarding the multiple factors in play.

Central Bank’s monetary policy uncertainties, recession risks, foreign country reserve holding sales and purchases and dollar strength continue to weigh heavily on the precious metal’s outlook and price sentiment. Talk of another global currency to counter the dollar’s strength is another factor that weighs heavily on future gold price predictions. see & read more on
https://www.panafricanresources.com/gold-price-predictions-a-forecast-for-2023-2024-and-the-future/