Gold’s prospects in the second half of 2023 remain bright, driven by a shift in monetary policy, the potential for recession, and growing potential for market shocks and volatility, according to State Street Global Advisors in its midyear outlook.
Over the past 12 months, gold has outperformed both global equities and global fixed income broad indices. Gold also separated itself from the broader commodities universe which, amid moderating inflation and slowing demand, has seen a drop of -11.42 percent and -24.78 percent on a year-to-date and trailing 12-month basis, respectively.
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