Gold Price: Why the Rally May Last. Economic Uncertainty Is Great for the Price.
January 7, 2023
Gold climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this year, after closing out 2022 with a modest loss.
Gold “noticeably” appreciated by about $200 an ounce from November to the end of last year, and continued that trend in the first few days of January 2023, says Edmund Moy, a former director of the U.S. Mint.
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