On average, survey participants expect gold to end the current year 2022 at $1,806.10 per ounce, according to Bloomberg. The last time gold traded at this level was in July.
As Joseph Cavatoni of the World Gold Council (WGC) said in an interview at the event, interest in strategic gold ownership will continue around the world - including from Central Banks. “In addition, geopolitical risks will ensure that gold remains the focus of all investors,” the expert said.
However, Cawatoni expects the gold market to experience ups and downs through the end of 2022. The price of the precious metal is likely to fluctuate until Central Banks around the world bring more clarity to their fight against inflation.