According to data published on Fitch Ratings’ website, the international rating agency increased its forecasts for world prices of gold and coking coal until 2026. This is reported on the agency’s website Fitch’s.
Thus, the price of gold, which was previously estimated at 1,800 dollars per ounce, is expected to reach 1,900 dollars in 2023. The reason for the increase is the increase in precious metal quotations since the beginning of this year.
According to Fitch’s forecast, the price of coking coal in 2023 will be $250 per ton, compared to the previously announced $220. The agency points out increasing production costs.
Forecasts for 2024-2026 have also been adjusted. In other words, while these amounts for coal will be 190, 180 and 170 dollars per ton, it was previously 150 dollars. Fitch notes that the energy transition will not have a significant impact on demand for coking coal. The increase in steel consumption will also contribute to the demand for such fuels.
Recently it became known how the Urals exceeded Price cap approved in August.
Formerly US Department of Energy contributed A change was made in the 2023 Brent oil price forecast.