According to the seasoned expert, the US Fed's determination to maintain its hawkish stance could upset the markets, leading to a range of opportunities to buy precious metals.
Garner said the Fed's aggressive strategy of raising interest rates has driven up the value of the US dollar, making risky assets like cryptocurrencies even more unpredictable.
Garner also believes that the rising US dollar has led to disappointing results in the precious metals market in the current 2022: “Gold has been a very disappointing asset for many investors this year.[...] I think it is the strong US dollar that is really holding back growth gold prices."
Therefore, she urges investors to remain patient and prepare to monitor the situation in the precious metals market as soon as the trend to strengthen the dollar turns in the opposite direction. “The dollar, in my opinion, will soon turn in the direction of weakening. And once that happens, it should essentially unshackle the price of gold and silver, which in turn will lead to an uptrend in the precious metals market.”
According to the expert, 2023 should be a good year for gold and silver. The yellow precious metal can rise in price to 2100 US dollars, and silver - up to 30 US dollars.