Reuters Poll: Gold price expected to average $1,852.50 in 2023

Eren Sengezer FXStreet

According to a recently conducted Reuters poll, Gold price is expected to average $1,852.50 in 2023 and $1,890 in 2024.

Silver is seen averaging $23 in 2023 and $24 in 2024.

Reuters noted that that analysts expect higher interest rates to limit Gold price's upside.

Market reaction

Gold price continue to push lower following this headline. As of writing, XAU/USD was trading at $1,902, where it was down more than 1% on a daily basis. Meanwhile, Silver was last seen losing 2.4% on the day at $23.05.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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