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Analysts Discuss Gold 2023 Outlook

January 03, 2023 at 15:39 PM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Juerg Kiener, Swiss Asia Capital’s managing director, expects that the price of gold may surge to $4,000 an ounce next year as fears of recession and hikes in interest rates fuel market volatility. In a recent interview with CNBC, the chief investment officer stated that the precious metal’s price could range between $2,500-$4,000 in 2023.

Kiener explained that in the first quarter of next year, many economies could experience a recession, which may…

NOTE TO INVESTORS: The latest news and updates relating to Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) are available in the company’s newsroom at http://ibn.fm/ELRRF

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