Gold 
Silver 
Economy 
Euporos
Gold has bottomed out
After a period of decline, gold prices appear to have bottomed out, paving the way for a potential rebound in 2023. This trend is taking place against the backdrop of a buoyant precious metals market, impacted by a variety of economic and geopolitical factors.
Market developments in 2023 :
Gold and silver prices have shown positive signs since the start of the year, with expectations of a rise supported by inflation expectations and geopolitical factors. Gold could rise by 3.3%, while silver is projected to reach a nine-year high with a significant rise of 8.8%.
Context and Influencing Factors:
Almost half of analysts attribute the rise to US Federal Reserve policy, highlighting the impact of confidence in the US dollar and the overall strength of the currency. Inflation and geopolitical developments are also seen as key drivers.
Industrial Demand for Silver :
Increasing demand for silver in industries such as electronics and automotive, coupled with limited supply, is contributing to higher prices. This imbalance between supply and demand is a key factor in silver's current valuation.
Investment outlook :
According to Peter Schiff, gold and silver are just beginning their bull market. He sees a great opportunity for these metals, particularly for silver, which is considered undervalued. Gold's resilience despite economic challenges is a positive indicator for its future in 2023.
Conclusion:
The outlook for the precious metals market in 2023 is promising for investors. Current analysis and forecasts suggest a recovery in prices, particularly for silver. However, it is essential for investors to take sound financial advice and consider their personal circumstances before investing.
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Author : Raphaël Prongue
Source : www.bilan.ch
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