According to the  price chart of Gold, we can clearly see that the price had been reduced from last March to November in 2022. However, the price of the Gold got Started to soar from the November 2022. According to the experts in this field they say that "This trend has been going on for the past 13 consecutive years, but recently the pace has accelerated.”  Furthermore the experts explain the reasons for the price increasing to be happened in this year.

The main reason is Main Countries have been increasing their gold reserves in recent years as a way to diversify their foreign exchange holdings and reduce reliance on the U.S. dollar. In addition

rebound in jewelry demand, the Federal Reserve’s eventual pivot, the escalation of the Ukraine-Russia war , a weaker U.S. dollar, a limited new mine supply, and the possibility of China invading Taiwan.Due to these reasons GOLD will be skyrocketed in this year.

If you are interested in gold in blockchain market, following are some gold-backed crypto currencies.

(This is not a Financial Advice DYOR before investing for the followings)

1. PAXG (PAXO GOLD) https://paxos.com/paxgold/

2. BXG ( BITXGOLD ) https://bitx.gold/

3. GLC ( GOLDCOIN )

https://goldcoin.com/

4. PMGT

https://pmgt.io/

5. XAUT (Teather Gold)

https://bitx.gold/

Source : https://news.bitcoin.com/gold-prices-expected-to-soar-in-2023-experts-predict-record-highs-for-precious-metal/