GOLD PRICE IN 2023

We return to our news blog after a two-month break to give our analysis and interpretation of the movement of gold during this year 2023 and what we expect to happen at the beginning of next year.

Clearly there have been several important events, but the most notable ones that would have a certain influence on the price of gold are the persistent economic slowdown due to the tightening of monetary policies and of course the war conflicts, such as Russia and Ukraine at the beginning of the year, followed by Israel and Gaza recently.

The movement of gold at the beginning of the year was an 8% increase with the first war mentioned above and remained that way until the middle of the year. Subsequently it fell by 5%, leaving the price practically static without retreating further and then with the start of the second war it rose practically 10% at once, which price could not be maintained for more than two weeks, falling slightly by 3%.

In summary, the price of gold has accumulated approximately 8% and we expect it to reach 11% in the coming months as statistically happens every year, but if we look at the movement graph it is true that volatility peaks could generate some confusion. The reality is that they only clarify that in times of uncertainty and war conflicts, gold tends to have high upward movements, which means that they are very good times to sell. You just have to listen to the news and look at the gold chart to confirm the movement and if so, hurry to sell before its decline.

For any additional information we would be happy to clarify any questions and guide you in your decision-making related to this precious metal. You can contact us by phone, What's App or via email. We hope to see you soon!

A cordial greeting!