According to a recently conducted Reuters poll, Gold price is expected to average $1,852.50 in 2023 and $1,890 in 2024. 

Silver is seen averaging $23 in 2023 and $24 in 2024. 

Reuters noted that that analysts expect higher interest rates to limit Gold price's upside.

Market reaction

Gold price continue to push lower following this headline. As of writing, XAU/USD was trading at $1,902, where it was down more than 1% on a daily basis. Meanwhile, Silver was last seen losing 2.4% on the day at $23.05.