According to a recent report from the World Gold Council, gold has shown positive performance in both 2022 and 2023 so far, when measured in Australian dollars (AUD).
In 2022, gold experienced growth of over six percent, as indicated by the data, and has continued to increase by more than one percent this year. This stands in contrast to other major assets that faced declines in 2022 due to high inflation and the actions of central banks.
The defensive nature of gold has caught the attention of institutional investors, including Australia’s sovereign wealth fund, the Future Fund. They have announced the addition of gold to their portfolio, recognizing its potential. However, there are concerns that the markets in 2023 may be susceptible to negative shocks.
This is a shared concern held by the Future Fund, indicating the possibility of persistently high inflation and slowing growth in the years ahead.
To see the full report https://www.royalmint.com/globalassets/bullion/_new_structure/discover-bullion/guides/australian-gold/relevance-gold-for-australian-investors-2023.pdf
