2.202110/on October 27th, the World Bank said in its latest commodity price forecast that gold will face a challenging environment in 2023, because it is expected that the Federal Reserve will continue to raise interest rates for a long time in 2023. International financial institutions said in their latest forecast released on Thursday that the price of gold will fall by another 4% in 2023. Previously, the price of gold fell by 8% in the third quarter.
3. Xinhua News Agency: The most active gold futures price in the New York Mercantile Exchange gold futures market in February 2023 was 19, which was 2.5 USD lower than the previous trading day and closed at 0. 1797.7 USD per ounce, a decrease of 0. 14%.
The reasons why gold will not depreciate are as follows:
1. As a rare precious metal, with the increase of market demand and the decrease of supply and demand, the value of gold will continue to appreciate.
2. Gold has the function of hedging, that is, in the case of serious inflation or social unrest, investors will buy gold for hedging or hedging.
In addition, as a hard currency, gold is the credit basis of paper money, and its price change is not its own value change, but the reference is changing.