As many experts release their gold predictions (most of which have gold going higher), one analyst is explaining his predictions for the yellow metal with and without economic crises. The Gold Advisor’s Jeff Clark says gold has the potential to hit $2,100 without a crisis and $2,700 with. Furthermore, he sees the metal somewhere between $3,000 to $10,000 in five years. In other news, BlackRock’s bond chief Rick Rieder says it’s “foolhardy” to expect interest rate cuts this year. “There’s been a series of projections that in ’23 they’ll start tightening and then start easing again. I don’t think you’ll see that, because you need to see data really soften first and inflation come at target. I don’t think it’s a ’23 event.”

The Gold Advisor via GoldSeek/Jeff Clark
2023 Gold Price Prediction, Trends, & 5-Year Forecast

Most price forecasts aren’t worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables, that even the experts usually miss the mark.

But there is value in considering predictions. It can solidify why one has invested, point to factors that may have been overlooked, or compel one to revise their expectations.

So while we take predictions with a grain of salt, let’s look at what might be ahead for gold in 2023, as well as the next five years (you can look up the gold price here).

I’ll start with a survey of analysts, then examine the individual factors that are likely to have the biggest impact on gold, and then conclude with the prices I see based on those factors, including some long-term projections.

You can read the full story, here.

Yahoo Finance/Alexandra Semenova
Jamie Dimon says Fed ‘may very well’ raise interest rates to 6%

Jamie Dimon expects the Federal Reserve will raise interest rates higher than most officials and Wall Street strategists have forecast as the U.S. central bank continues its fight against persistent inflation.

The chief executive officer of JPMorgan (JPM), the largest consumer bank in the U.S. by assets, said Tuesday in an interview with Fox Business Network that the Fed’s terminal rate may hit 6%, a level notably above the 5% many have called for.

“Whether 5% interest rates are enough to slow inflation to where it needs to be, I don’t know,” Dimon said during the discussion at JPMorgan’s annual health-care investment-banking conference in San Francisco, citing fiscal stimulus that was “so large and still largely unspent.”

Continue reading Craig’s full prediction, here.

Business Insider/George Glover
It’s ‘foolhardy’ to think the Fed will cut interest rates at all in 2023, BlackRock’s bond chief says

Investors are kidding themselves if they expect the Federal Reserve to slash interest rates at all in 2023, according to BlackRock’s bond chief Rick Rieder.

Two Fed bosses — San Francisco Fed President Mary Daly and Atlanta Fed President Raphael Bostic — both said Monday they expect the US central bank to raise rates past 5% and hold them there to bring inflation under control.

The policymakers’ latest comments showed the Fed won’t loosen monetary policy at all this year, according to Rieder, who is $10 trillion asset manager BlackRock’s chief investment officer for fixed income.

You can read the full article here, here.

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