World Gold Council Expects Q4 2023 to Exhibit Gold Market Turbulence
The World Gold Council predicts that gold will experience market turbulence in Q4 2023. After a historic gold-buying spree by central banks propped up the precious metal’s price, gold has seen its performance wane in recent months amid increasing inflation and higher interest rates. Gold prices went down by 3.7% last month, the World Gold Council reports, and the organization expects market turbulence in the last quarter of the year to place further pressure on gold prices. The precious metal typically performs strongly during uncertain times, but high interest rates coupled with a strong dollar reduced interest in gold as…