Gold at $ 3,000 in 2023, a shock forecast from Saxo Bank.

Saxo Bank predicts that gold prices could reach $3,000 next year, among its ten shock forecasts. But hold on. It is not his official forecasts. Each year, Saxo study the most unlikely events for the next twelve months. But sometimes, one or the other of his shock predictions really comes true. In 2022, a year of multiple twists and turns, none of the scenarios imagined by the broker occurred.

Since January, the price of gold has fallen by 2%, around $ 1,800 an ounce. The safe haven par excellence would experience a sharp increase in 2023 and could cross the symbolic bar of $ 3,000. Enough to completely erase the historical record of 2,075 dollars.

For 2023, its experts foresee gold prices at $3,000, supported by several developments. Steen Jakobsen, chief economist at Saxo Bank, predicts that inflation will remain a challenge for governments to control, while Ole Hansen, head of commodity strategy for the broker, conceives that central banks are again wrong in their forecasts on consumer price developments and must raise their interest rates more than expected.

By Alexandre Laurent

Alexandre Laurentl is working in the jewelry and investment gold since 2002. Alexandre graduated from The Normandy School of Business and from the University of Perpignan a Bachelor of economics in 1995.

Leave a Reply

Your email address will not be published. Required fields are marked *