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World Gold Council published its final report for 2023, paying the greatest attention to the key factors in the pricing of the precious metal, which allowed annual growth to reach 15.1%: the quotes were most influenced by demand from central banks (10.0%–15.0%) and increased geopolitical risks (5.0%), as well as high interest rates, which put pressure on the asset (–3.0%). According to the department, demand from regulators will continue to increase this year as the global trend toward de-dollarization in favor of gold continues, and ongoing tensions in the Middle East may cause an outflow of investor capital to safe assets. On the other hand, after the spring meetings of leading central banks, interest rates are expected to decrease and given these factors
Saturday, January 13, 2024
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