Asset protection is one of the key issues. As the World Gold Council believes, gold bar and coin investments will remain high next year, especially in Germany. An economy that is still weakening for the time being is causing pressure on commodities and could still create headwinds for the gold price in the first half of 2023. If central banks tighten too much in their monetary policy, a downturn would be the most likely consequence. If the global economy moves close to stagflation, then this would be good for the gold price, it should rise. According to forecasts, global GDP should only go up by 2.1 percent in 2023, so the recession would have arrived. With regard to inflation, opinions are that it will fall next year. This is because falling commodities will reduce energy and food inflation. Slower economic growth combined with falling inflation, how will central banks react. Presumably, the focus will be more on fighting inflation than on economic growth. And so there could be an overreaction by central banks, leading to recession.
For example, markets in the U.S. expect the Fed to start cutting interest rates in the second half of 2023. According to the World Gold Council, most central banks are likely to be back in easing mode by 2024. Gold usually wins in times of recession. If economic growth is weak and slowing, then this is a plus for gold. Investors should consider investing in Tudor Gold or Gold Royalty.
Tudor Gold - https://www.commodity-tv.com/play/tudor-gold-successful-drill-program-so-far-more-drilling-until-end-of-october/ - owns the nearly 18,000-acre, past-producing Treaty Creek project (gold, silver, copper). Located in British Columbia's Golden Triangle, an aggressive drilling and resource expansion program is underway there.
Gold Royalty - https://www.commodity-tv.com/play/gold-royalty-owning-over-200-royalties-with-annual-revenue-growth-of-60/ - is a royalty company that focuses on gold in North and South America and is constantly expanding its portfolio.
Latest corporate information and press releases from Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -).
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