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| Gold price could drop to $1,200 per ounce by 2023, warns Fitch | Gold price could drop to $1,200 per ounce by 2023, warns Fitch |
| (about 2 months later) | |
| International ratings agency Fitch predicts the price of gold will fall to $1,600 per ounce this year and slide further down to $1,400 in 2022 “on increased demand due to investment flows and central bank purchases.” | International ratings agency Fitch predicts the price of gold will fall to $1,600 per ounce this year and slide further down to $1,400 in 2022 “on increased demand due to investment flows and central bank purchases.” |
| According to Fitch, prices for many commodities “will benefit in the short term from returning demand while the supply response remains slow and inventories are running low.” | According to Fitch, prices for many commodities “will benefit in the short term from returning demand while the supply response remains slow and inventories are running low.” |
| The ratings agency said it expects gold prices to drop to $1,200 per troy ounce by 2023. | The ratings agency said it expects gold prices to drop to $1,200 per troy ounce by 2023. |
| The price of the precious metal has been under some significant pressure lately. Gold prices fell below the $1,800 level this week, extending losses due to weak safe-haven demand and rising yields for US bonds, which push gold prices down. Prices slid more than one percent on Friday to $1,734 an ounce. | The price of the precious metal has been under some significant pressure lately. Gold prices fell below the $1,800 level this week, extending losses due to weak safe-haven demand and rising yields for US bonds, which push gold prices down. Prices slid more than one percent on Friday to $1,734 an ounce. |
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