During 2022, gold and precious metals faced downward pressures driven by restrictive monetary policies and a strong U.S. dollar. However, there were positive developments, such as resilient demand for bullion and coins, as well as the reaccumulation of strategic reserves by central banks.

In 2023, the prices of precious metals will continue to be influenced by monetary and currency dynamics, but increasing importance will be placed on the economic conditions of major consuming countries and geopolitical balances.