Gold price forecast 2023: As we move into the second quarter of 2023, the price of gold is gaining momentum due to the ongoing global banking crisis and uncertainty surrounding the Federal Reserve. Gold is considered a safe-haven asset during times of financial market fears, and this has led to an increase in demand for the precious metal. The GVZ chart, which measures the market’s expected 30-day price movement in the largest physically backed gold exchange traded fund (ETF) in the world, has also indicated increased volatility.