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New highs for gold in 2023 so-co-it.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from so-co-it.com Daily Mail and Mail on Sunday newspapers.
 Every year Saxo Bank publishes the exciting "Outrageous Predictions". Online and trading and investment specialist Saxo Bank, has once again announced predictions of unlikely events. These would, if they came true, shake financial markets, politics and cultures. Sometimes, however, Saxo Bank-s predictions have already come true. The main argument of this year-s forecasts is based on the idea that a return to pre-pandemic disinflationary dynamics is impossible because ....
. Although it sounds irrational, when monetary policy pressures ease, gold should rise in price. Gold does not earn interest and thus suffers from rising opportunity costs, which means that high interest rates act as a brake, making it difficult for the gold price to rise. This year, the price of gold should have risen, or so people think. After all, there have been enough crises. From supply chain problems, high inflation and recession fears to energy shortages and the Russia-Ukraine war. In U. ....