This is stated by analysts from Bank of America. In their opinion, now the gold rate does not demonstrate sustainable growth due to the tightening of monetary policy by the Fed. Meanwhile, there has been an increase in the popularity of physical gold in China and India. However, the gold rate will rise to $2,000 per ounce in the second half of 2023 in view of the Fed suspending interest rate increases. At the same time, the silver rate will jump to $25 an ounce. The growth of demand from solar energy and other sectors of the "green" economy will help gray metal. In addition, if there is a recession, then institutional investors will need protective assets, so demand for precious metals will increase.