The 2023 outlook calls for rise in overall investment demand, including OTC, in contrast to the decreased fabrication demand resulting from higher gold prices.

In recent years, gold has been a popular investment. Many investors around the globe were drawn to “safe haven assets” such as precious metals.

Gold is a valuable asset and has gained popularity as a form of investment. It provides more stability and acts as a hedge against inflation.

The gold price forecast for 2023 has various driving factors to consider, such as US dollar, Geopolitical concerns, Inflation and Interest rates.

According to the World Gold Council’s quarterly report, demand for gold (excluding OTC) in Q3 increased by 28% year over year at 1,181t.

In a survey, the majority of investors rated diversification and inflation-hedging as the primary factors to hold gold in their portfolios.