Key Takeaways
- Gold grew in value in 2022, but only by 1.3%, well below expectations.
- Gold prices were hindered by aggressive Federal Reserve rate hikes, diminished demand in China, and the rising value of the U.S. dollar.
- In 2023, many analysts predict that gold is going to experience a sharp rise in value yet the same uncertainties around federal interest rate hikes and pandemic policies in China cast a shadow on hopeful predictions.
- Whether or not gold prices skyrocket in the short-term is largely a moot point, it’s long-term stability is its biggest strength, which means its best value to investors is in volatile times is to buy-and-hold and to offset riskier investments like stocks in your portfolio.
It’s not that 2022 was a bad year for gold – there was growth. But its value didn’t grow nearly as much as analysts were expecting and investors were hoping.
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