2023: What could be next for oil, gold and currency markets?

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In 2022, high inflation led central banks worldwide to significantly increase interest rates, causing strain on the overall market. Is 2023 shaping up differently?

, it is a lengthy process. To achieve this goal, central banks are pursuing a tight monetary policy and aggressively increasing interest rates. There are two key questions regarding the inflation outlook: Will inflation fall as quickly as it has risen, or will inflation remain sticky and hover at lofty levels?

According to Reuters, while the energy sector might remain attractive to investors, gold could also see some upside in the year ahead.It’s worth keeping in mind that gold is a non-yielding asset, and that today’s lower real yields mean that theis potentially diminished. However, with economic growth forecast to deteriorate in 2023, it will be important to practice sound risk management.

 

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