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Small gain for gold in 2022 despite rate hike

By Hilal Mir
January 16, 2023 10:25 pm
  • Gold posted a small gain in 2022, which reinforced the precious metal's stable and uncorrelated performance amid market turbulence.
  • Gold Council said weak institutional demand was offset by retail investment - driven by inflation and geopolitics - and central banks had an exceptional year of net buying.

Dubai, UAE–Despite an unprecedented rise in rates and a strong dollar, Gold posted a small gain in 2022, which reinforced the precious metal’s stable and uncorrelated performance amid market turbulence. 

According to Gold Council, weak institutional demand was offset by retail investment – driven by inflation and geopolitics – and central banks had an exceptional year of net buying.

TRENDS takes a look at how Gold and some other metals performed in 2022:

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