The dynamics of the gold exchange rate in 2023 will depend on these two factors

Finance Feeds believes that precious metal quotes may go into growth over the next year due to two factors: geopolitical instability and monetary policy of leading central banks. If the conflict in Europe becomes even more threatening in its consequences, then an ounce of yellow metal could jump to $2,050 an ounce in the short term.

However, a stable rally requires central banks to stop raising interest rates to reduce inflation. As soon as the situation changes, and central banks begin to reduce interest rates, the yield of the "treasurer" will decrease, the inflation rate will rise, and with it the gold rate. In addition, the likelihood of a recession in 2023, which will help the precious metal remain at a high level, should not be discounted.