Influences on the gold price in 2023

The Fed, analysts say, will lag behind the inflation curve. High inflation will thus persist. One argument of those who assume a strong gold price is the increased physical demand, driven by central bank purchases, they say. This is because emerging market central banks in particular want to protect themselves from Western financial sanctions (which Russia is dealing with right now) and so they are replacing U.S. dollars in their reserves with gold. A crucial point for the gold price is the Fed’s monetary policy and its effect on the development of the U.S. dollar. If the Fed weakens the U.S. dollar through restrained actions and against the background of high uncertainties, then the safe haven gold becomes more attractive. The Fed wants to lower the inflation rate, thus increasing the risk of a global recession. Therefore, it is expected that around the end of 2023 the Fed will lower interest rates.

The gold price showed strength at the end of 2022 and this momentum should continue in 2023. After all, even if inflation is on the retreat, there is still a long way to go. In addition, the Fed’s policy targets core inflation, but not headline inflation, which mainly affects energy and food prices. There are still many uncertainties as to how the development will continue. The most important thing for investors is therefore a broadly based balanced portfolio. And gold and the stocks of gold companies are simply part of that. Well positioned candidates are for example Revival Gold or Victoria Gold.

Revival Gold – https://www.commodity-tv.com/play/mining-newsflash-with-uranium-energy-revival-gold-condor-gold-fury-gold-calibre-mining/ – is successfully working to revitalize the Beartrack-Arnett gold property in Idaho. Indicated resources of 65 million tonnes and gold grades of up to ten grams per tonne of rock are a source of delight.

Victoria Gold is already among the ranks of producers with its Eagle Gold Mine in the Yukon. The reserves are at least 3.3 million ounces of gold.

Latest company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -).

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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