Gold surges to 6-month high, and analysts expect records in 2023

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Looking ahead, Hansen suggested the key events for gold prices would be Wednesday's minutes from the latest U.S. Federal Reserve meeting and Friday's U.S. jobs report. "Above $1842, the 50% [mark] of the 2022 correction, gold will be looking for resistance at $1850 and $1878 next," Hansen added. A full dovish pivot by central banks this year would likely have major implications for gold prices, according to strategists. We therefore believe gold will end 2023 at least 20% higher, and we also see miners outperforming gold with a factor of two."