Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$3,326.15
+16.35
+0.49%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | -2.10% | -1.54% | +2.62% | +0.23% | +6.46% |
Gold Price Forecasts - Analyst Predictions
Gold-Eagle has been analyzing gold markets and publishing gold price forecasts for over 23 years. Our staff and contributing analysts include world reknowned precious metal experts and market analysts. The gold price forecast data below represents the average predictions of a diverse panel of expert gold market analysts. Their assessments of gold price trends are based on a variety of methods including: expert technical analysis, market fundamentals, current market sentiment, and an analysis of global economic and political events. Bookmark and/or link to this page to check back every week. Updated every Monday am.
Last Updated: February 07, 2025
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
resistance at $3,000, markets & geopolitical uncertaintyGold Forecast 1 Year
Bullish: $3,550
Medium-term price drivers:
US dollar, bear market in stocks and recession, investor sentimentGold Forecast 3 Years
Bullish: $5,500
Long-term price drivers:
US dollar, trade wars, central bank monetary debasement, geopolitical uncertaintyFeatured Gold Price Forecasts
Gold surged above the upper band of its 10-month EMA envelope in April, signaling the potential start of a multi-month consolidation phase.
Our cycle timing tool forecasted a blow off top into a cycle peak around April 21st. True to form, gold reversed the following day after briefly touching $3,500 overnight.
The recent pullback in crude oil prices is creating attractive opportunities in the energy sector. Notably, Warren Buffett has built a 28% position in Occidental Petroleum (OXY) at an average cost of $54.20, while shares are now trading around $40.00.
GOLD MONTHLY
The monthly price of gold spiked above the upper boundary of the 10-month EMA envelope in April, marking the fourth occurrence in three decades. These events are rare and support a significant pullback or consolidation phase.
Our Gold Cycle Indicator is at 333 after maxing out in mid-April. Overall, we expect a pullback towards $2,800 over the coming months.
The gold miners have just broken out of a major five-year base. Significantly higher valuations lie in store over the next 6 – 18 months for most of the world’s gold miners. However, this move higher in the gold miners will not happen in a vacuum: gold itself will tag along for the ride, albeit in lesser percentage terms. For investors expecting a top in the gold market imminently – the charts suggest otherwise.
Gold Miners Break Out
First we turn to the GDX senior gold miners fund, from 2020 through present:
Note the major five-year resistance zone (black), which formed following the Coronavirus stimulus-induced peak from 2020. For five years, the senior gold miners consolidated in a wide range, continuously bumping up against the 40 – 46 resistance zone.
This resistance zone witnessed a breakout (red callout) just two weeks ago, following the Trump tariff-induced panic of early April. Note the decisive bullish weekly candlestick which formed in mid-April, clearing all resistance of the prior consolidation. That is as clear of a breakout as we could possibly ask for.
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More Gold Price Forecasts
With the most recent action, Gold has seen a spike back to higher highs into last week, with the metal running up to a Friday peak of 3071.90 (June, 2025 contract). With that, a key top is forming in the metal, one that should give way to a sharp decline in the...
Gold surged above $3,300 as forecasted in what appears to be a blowoff top. The current cycle is projected to peak between April 16th and 23rd, suggesting prices could top any day.
Markets staged a dramatic short-covering rally on Wednesday after Trump announced a 90-day suspension of reciprocal tariffs. The S&P surged 9.5%, posting its third-largest gain since 1940.
With the action seen in recent weeks, the U.S. stock market is declining into an expected Spring cycle bottom, with Gold now joining in the decline. Each of these markets appear to have further to run before troughing, though we are into the window for a key bottom...
Gold hit our $3,150 price target in the first few days of April, and it seems the cycle has peaked. Silver dropped significantly after a slight new high, and recession fears could trigger a sharp decline.
Gold broke through $3,100 following a short consolidation, and we’re likely entering the final leg of the rally into an April peak. Silver futures closed above $35.00, and we’re at the critical point in the trend where prices could accelerate rapidly towards $40.00...
As mentioned in a prior article, the last correction of significance was due to play out with our 72-day time cycle, which ended up confirming a very early low - doing so with the late-February tag of 2844.10 (April, 2025 contract). With that, this wave is now seen...
In December, we advised readers that our cycle work expected an impending bottom followed by "a run towards $3,000+ by March or April."
With the action seen in recent weeks, Gold is in a confirmed downtrend with our 72-day cycle, a move which is anticipated to end up as countertrend - though it looks to have further to run. Stepping back, the bigger picture view for Gold is projected to remain...
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.
Gold Forecast Analysts
Technical Analysis Expert & Editor @ GoldPredict.com
AG Thorson is a registered CMT through the MTA and an recognized expert in technical analysis of the precious metals markets. He is also the Editor of GoldPredict.com where members receive daily updates and regularly scheduled reports 3-days a w More...
Chief Analyst & Founder @ iGold Advisor
Christopher Aaron began his career as an intelligence analyst for the CIA and Department of Defense. He served two tours to Afghanistan and Iraq between 2006 - 2009, conducting pattern-of-life mapping for military leaders.Mapping shares similarities More...
CFA, Editor & Founder @ Sunshine Profits
Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com. You can reach Przemyslaw at: http://www.sunshineprofits.com/help/contact-us/. More...
The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins
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