The World Gold Council says 'recessions have been good for gold in the past' but notes the gold price has been rangebound and it will take a re-established link to the 10-year US TIP yield to regain any upward momentum
After gold's disappointing 2022, the bears are out to play in 2023 and gold gets its highest monthly inflows of demand, and near its all-time high price. Growing systems risks add to gold's case, say the World Gold Council