Gold sees price pause; more upside likely

Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) - Gold prices are near steady in early U.S. trading Monday, on a pause after hitting an eight-month high late last week. The yellow metal remains in a solidly bullish technical posture, to suggest still more price upside in the near term. The gold bulls are starting to discuss a new record high being set this year. The present all-time high in Comex gold futures is $2,078.80 per ounce, scored in March of 2022. February gold was last down $0.20 at $1,928.00 and March silver was down $0.105 at $23.83.