The World Bank lowered its forecasts on the global average price of gold for 2022, while has not changed its forecast for 2023, APA-Economics reports citing the next report of the World Bank on commodity markets.
According to the report, the average price of gold in 2022 is likely to be $1,775 per troy ounce, which is 105 points lower than the previous forecast. The specialists of the bank predict that this indicator will be USD 1 700 next year, and USD 1 650 in 2024.