Further weakness in the U.S. dollar will drive gold prices higher – VanEck

Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) – Continued weakness in the U.S. dollar should provide further support for gold prices in 2023 as the precious metal starts the year off with a 5% rally, according to two market analysts.

In their 2023 outlook published last week, Joe Foster, portfolio manager and strategist, and Imaru Casanova, deputy portfolio manager at VanEck, said they see several reasons why the greenback has peaked as prices have dropped nearly 10.5% since hitting a 20-year high in September.

The bullish outlook comes as gold prices hold solid gains above $1,900 an ounce, with the U.S….

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