How high will the gold price rise in 2023?

In any case, investing in gold and silver is a very good way to arm oneself against uncertainties in the future. Even if it is virtually impossible to sell gold at the highest price or to enter at extremely low prices, the longer-term aspect should be in the foreground. And there are many industry experts who expect significantly higher prices this year than seen so far. The recent consolidation below $2,000 does not change this. Large price forecasts are gaining momentum. Many also consider 3,000 U.S. dollars per troy ounce of gold to be possible before the end of this year. Especially in times of persistently high inflation, gold and also silver can hedge the portfolio and offer lucrative opportunities. Silver is more strongly linked to the global economy. Gold, on the other hand, reacts less sensitively to economic changes, as its industrial uses are rather limited.

The gold price has staged a strong rally; if it consolidates in the meantime, this is not surprising, but it does not change the positive overall outlook for the metal. Gold remains valuable in a portfolio context. This is ensured by several medium- to long-term drivers. According to estimates, central banks will continue to buy gold this year. 2022 was the 13th consecutive year of net central bank gold buying. And 2022 was the year central banks bought more gold than ever before. Geopolitical risks have just increased, and that’s why diversification is needed. Recession risks and an imminent turnaround by the Fed do the rest.

Investors can also diversify by investing in royalty companies such as Osisko Gold Royalties – https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ – (North America) or GoldRoyalty – https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ – (North, Central and South America). Both companies closed the first quarter of 2023 with extremely successful results.

Current corporate information and press releases from GoldRoyalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -) and Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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