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Will the price of gold rise or fall in 2023?
The probability of gold price falling in 2023 is greater than the probability of price rising.

1.Will the price of gold rise in 2023? Unlikely.

1. In fact, under the epidemic situation all over the world, gold will not skyrocket if the economy does not increase but decreases.

2. But every year around the Spring Festival, the price of gold will go up, mainly due to the increase in market demand. However, substantial growth is basically unscientific.

So newcomers who want to buy gold in 2023 can wait for the debate. The price of gold will reach a suitable point in the middle of the year. If the epidemic situation gradually improves, then the economic recovery will accelerate and the price of gold will naturally fall.

Second, gold will fall in 2023. The probability of falling is very high.

1. Under the background that the Federal Reserve is expected to raise interest rates in 2023, it is relatively easy for gold prices to fluctuate and fall, but it is relatively difficult to rise. It is estimated that the price of gold will drop to $65,438 +0.700 in the first quarter of 2023.

2. Some professional organizations said that they were bearish on the spot gold market. It is predicted that the average price of gold in 2023 will be as low as $65,438 +0.600, so the probability of gold falling in 2022 is still very high. Before that, the guy who wants to buy gold should think twice.

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Gold is the elemental form of chemical element gold (Au), which is a soft, golden and corrosion-resistant precious metal. Gold is one of rare, precious and high-value metals. Generally speaking, gold in the world is measured in ounces. In ancient China, "beam" was a very important metal. It is not only a special currency for reserve and investment, but also an important material for jewelry, electronics, modern communication, aerospace and other departments. The chemical symbol of gold is Au, and the financial English code is XAU or gold. The name Au comes from a story of Aurora, the goddess of dawn in Roman mythology, which means shining dawn. As of 202 1, 10, 12, the gold price is 1760 USD/oz.