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Why $3,000 Gold Is Possible in 2023

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Items addressed:  Saxo Bank’s forecasts; why gold, why now; valuation; risks; and conclusion.

“In no way do I see myself as being able to accurately predict the gold price in 2023. It might well be $3,000 or above. Possibly the price would not reach that mark. Many of Saxo Bank’s forecasts seem to be far-fetched. Yet, some of Saxo Bank’s predictions seem to be spot on. I particularly agree that the geopolitical and economic situation in 2023 could be tough, whilst there are many bullish catalysts for gold.”

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