Prediction: Gold Prices Rise Next Year

Gold price is predicted to rise next year. This is because the current price of gold has increased compared to its price in early 2022. However, the current price is not at a record high.

Reported by finance.detik.com, Director of Futures Profit For Forexindo Ibrahim Asjuangbi said that gold demand will be increasing next year. The increase in gold demand is based on global economic uncertainty. The price of precious metal gold is currently at 1 million IDR. The price is predicted to rise and set a record again in 2023.

“The demand for gold in 2023 will most likely be slightly better in 2022. So there is a high probability that the precious metal will be above 1 million, which might occur in the third quarter of 2023,” said Ibrahim to detik.com (25/12/2022).

Seeing this prediction as a potential, Ibrahim suggested buying gold. Especially buying with idle money. That way, this gold investment can be long-term and only be sold in the next few years.

“Investing precious metals with idle money, so there is no thought of selling. When the price is at 1.3 million IDR (per gram) that is an opportunity (to sell). It is possible that Rp. 1.3 million will occur in 2024,” he explained.

Head Research of Monex Investindo Ariston Tjendra also gave his view on the current state of gold. Ariston said that the price of gold has the characteristic of strengthening when the global economic situation is turbulent. This makes gold an investment that tends to be stable or decline when the global economy is good.

“So when the economic situation is good, this is the right time to buy gold and it can be sold when gold prices rise high when the global economy is in crisis,” said Ariston.

With the risk of a global recession next year, now is considered the right time to start investing in gold. Just like Ibrahim, Ariston also suggested that gold be stored or invested in the long term.

“Purchases are not all at once, and can be gradual when the gold price is corrected,” he added.