Gold Outlook Is Buoyed by Hopes for a Less-Hawkish Fed in 2023

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Gold prices are finishing the year flat, a surprising performance given persistently high inflation. Wall Street doesn’t expect the doldrums to last.

A late-year rally has the most actively traded gold futures contract down 0.3% in 2022, to $1,823.10 a troy ounce, according to Dow Jones Market Data. Gold is on pace to record two straight years of declines for the first time since 2015.

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