Gold Outlook Is Buoyed by Hopes for a Less-Hawkish Fed in 2023

gold prices Ended the year flat, a surprising performance considering persistently high inflation. Wall Street does not expect the recession to last.

The one-year rally put the most actively traded gold futures contract for 2022 down 0.1% at $1,826.20 per troy ounce, according to Dow Jones market data. This marked the first two straight years of decline since 2015.