Gold is one of the best-known commodities. This yellow metal is also one of the most important parts of any diversified portfolio due to its store of value characteristics.
The volatility from 2022 can continue in 2023. China's new Covid outbreak, the war in Ukraine, and the next Fed's rate can move the price of gold significantly.
Markets on Monday were mostly in the red except the US dollar, which benefited from today's data. Stocks and commodities are hurt by OPEC+ and inflation.