Latest Gold Price Forecast & Predictions
Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
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Change | +0.36% | +0.87% | -2.45% | -0.28% | +1.18% |
Gold Price Forecasts - Analyst Predictions
Gold Forecast Short Term
Gold Forecast 1 Year
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Featured Gold Price Forecasts
From the comments made in recent months, Gold's upward phase was favored to hold up into the mid-April timeframe, before turning south into a (countertrend) correction low, made into late-May to early-June. With the most recent decline in the metal, we are moving into the expected range for a key bottom to form.
Gold's 72-Day Cycle
As per some of my past articles, the last peak of significance was expected to come from our 72-day time cycle, which is currently the most dominant cycle in the Gold market.
Here again is that 72-day cycle:
As pointed out back in March, the average rallies with this 72-day cycle - when coming off the expected pattern of a 'higher-low' - took around 39 trading days before completing. That action favored its most recent upward phase to remain intact until the April 9th timeframe or later, which was seen - with the metal spiking up to an April 12th peak of 2448.80 (June, 2024 contract).
In terms of price, Gold proceeded to drop to a May 3rd low of 2285.20 - a decline of 6....
More Gold Price Forecasts
There is a secret tool available to investors who are attempting to identify winning silver and gold mining companies. Indeed, it makes a tremendous difference which mining companies investors choose: consider that from 2005 – 2011, as silver bullion rose 500%,...
After years of going nowhere, gold launched into the next stage of its bull market. While inexperienced investors might feel inclined to capitalize on recent profits, such a move could prove detrimental in the long run. Gold and silver miners have underperformed the...
Metals and miners are taking a breather after explosive gains. More upside is expected before the next cycle low, which is due in June. Last Friday’s price action was wild, with gold swinging $100 and silver $2.00 in a 4-hour window. As the bull market matures, I...
From my last article posted in late-March, Gold was in the midst of a larger uptrend, which was expected to hold up into the early-to-mid April timeframe. With that, we are now in the range for a correction for the yellow metal, though one favored to end up as a...
We are entering the recognition phase of the gold bull market where pullbacks become brief and infrequent. Many investors will be left behind. Silver is gaining traction, and prices could explode to the upside if they manage to push through $30.00 next week. Gold...
Gold is in the beginning stages of a new bull market that should last into the 2030s. The last breakout of this magnitude was in 2005, which triggered a 6-year bull run. By 2030, we see gold hitting our longer-term price target between $8000 to $10,000.
Gold is rallying regardless of what’s happening in other markets, and while there are signs of a top, gold appears to simply not care about them at the moment.
From my prior article from mid-March, Gold had broken out to the upside - but was in the midst of a smaller-degree dip, a move expected to end up as countertrend. This was the case, with the metal having broken on back to higher highs for the swing, as favored....
The gold price has just broken out to new all-time record highs. Not a single person who has ever purchased gold in the history of human civilization has ever lost money on their purchase (if they held through today).
Gold Price Forecast FAQ
How do you forecast the price of gold?
Predicting gold prices can be said to be both a science and an art. For example, analysis of gold supply and demand is scientific and completely objective whereas aspects of technical and sentiment analysis of the current gold market can be more of an art as it relies on the skills and perspective of the gold analyst.
Generally speaking, when the focus of the gold forecast is longer term then analysis of the fundamentals, ie scientific analysis, comes to the fore.
For shorter-term predictions of gold prices, the price of gold in the coming weeks and perhaps few months, technical analysis of past and current gold prices, market trends, as well as current market sentiment can be more actionable predictors. Here, the fundamentals can still play a role but generally serve more as background details.
What are the key factors for long term gold forecasts?
When forecasting what may happen to the price of gold longer term, there are many things to consider including economic trends, the impact of current and expected monetary policy, QE, debt monetization, and the aggregate impact on future currency valuation.
Does the price of gold go up when the stock market goes down?
The price of gold is often negatively correlated to the stock markets. When the markets go down, gold prices usually go up. However, this is not always true. Sometimes the price of gold and stocks both go up and down in unison. Fundamental factors play an important role and need to be carefully analyzed. Historically, however, the price of gold is not tied to the fluctuations of stock and bonds. This is one of the chief reasons when one should have gold in their portfolio – to protect the long-term value of your investments.
Does the value of the US dollar predict the price of gold?
As gold is traditionally quoted in US dollars, the price of gold is negatively correlated to the strength of the USD. The weaker the US dollar, the cheaper it is to purchase gold. Therefore, if economic factors predict a strengthening of the US dollar then this will tend to drop the price of gold, and vice-versa. According to the statistics (since 1973), the long-term correlation between the U.S. dollar index and the gold prices is -0.6 so this link is quite strong.
How do US interest rates impact future gold prices?
The level of US interest rates is an important driver of future gold prices. When investing in gold, the investor is faced with the opportunity cost of gold - a non-interest bearing asset. The higher the US interest rate for holding US dollars or investing in Treasuries, the higher the opportunity cost of holding gold. It is more likely, therefore, that a rally in the price of gold will be forecasted the lower the US benchmark interest rate.