Gold has staged an impressive recovery from its Q4 2022 lows of $1,615 per ounce: the precious metal is trading at $1,860, or 15.2% higher, as this article is going to press in early January. So impressive is the recovery that it has negated a bear-market signal which appeared last August, and instead flipped the 2023 – 2024 expectation decidedly higher. In this article, we will highlight the technical reversal which gold has registered, and discuss our forecast for gold in 2023.

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