Gold will reach $5,000 per ounce in the next bull run as inflation rises and the U.S.

Peter Grandich, who correctly predicted the market crashes for both crypto and stocks in 2022, just shared his predictions for 2023 with AGE Gobal News. The veteran investor said that while he sees weakness across most markets for the foreseeable future, there are still undervalued assets that he expects to outperform.

Dubai has tightened the processes related to responsible sourcing of all gold imports and onward shipments

In 2023, Dubai Multi Commodities Centre plans to launch new products, and to move into a new HQ.

WASHINGTON – At the U.S.-Africa Business Forum, U.S. International Development Finance Corporation (DFC) announced active commitments across Africa totaling more than $11 billion. This includes $369 million of new active commitments announced as part of the U.S.-Africa Leaders Summit.

Bejet is also a private investor specializing in mining stocks and emerging markets. He is bullish on gold, especially after the big drop in 2022. Gold is also helped by cryptocurrencies, which are no longer crowding out precious metals as an investment alternative.

The International Monetary Fund’s Currency Composition of Foreign Exchange Reserves data for the third quarter of 2022 has revealed another drop in global foreign exchange reserves. The headline number declined by around $500bn in the quarter, taking the cumulative decline to almost $1.5tn since Q3 2021. It is important to note that during the third quarter the dollar appreciated by around 5% on a trade-weighted basis. Since non-dollar reserves are converted to a dollar value for the purpose of the IMF report, that would have been a substantial headwind.

LBMA CEO Ruth Crowell said the new blockchain-based initiative can help to promote “confidence” in the “integrity and accountability” of the gold that is traded.

At the last Fed meeting, the Federal Reserve Open Market Committee (FOMC) projected a 5 percent Fed Funds Rate in 2023.

Despite forecasting a grim year in terms of inflation and interest rates, Wagner, a technical analyst, said that he remains “bullish for gold.”

Central Banks globally have accumulated gold reserves this year at a pace not seen since 1967.