Latest Gold Price Forecast & Predictions
Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
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Change | +1.37% | +1.04% | +2.02% | +0.60% | -0.15% |
Gold Price Forecasts - Analyst Predictions
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Featured 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%, shares of a strong silver company at the time, Wheaton Precious Metals, leveraged that gain by concurrently rising 1,400%.
However, shares of a weak silver company, Coeur Mining, rose only 15% during this period:
1,400% versus 15% in six years – quite a difference for two companies which are supposedly in the same business: producing silver!
However, just because Wheaton was a strong company in the 2005 – 2011 cycle does not necessarily mean that it will be again in the present cycle. For investors who want to find the next round of strong companies, there is a little-known technical screen which investors can use: relative strength.
Relative Strength
Relative strength (RS) is a measure of how a particular asset is performing relative to an industry standard or index. For example, we could measure how a particular Dow Jones company is performing relative to the entire Dow Jones Industrial Average. Strong RS companies will outperform the average at major junctions, while weak RS...
From my last article posted back in mid-April ("Gold Cycles Move into Topping Range"), Gold has turned south, and is in the midst of a correction with our 72-day time cycle. Though this decline looks to have further to run, it is expected to end up as an eventual countertrend affair - due to the position of the larger-degree waves.
Gold's Dominant 72-Day Cycle
As in past articles, the last low for our 72-day wave was made back in mid-February, later confirmed by the subsequent reversal above the 2086 figure. In terms of price, that action triggered a 10-14% rally for the metal, which was easily met with the action that followed.
Here again is our 72-day time cycle for Gold:
From my April 14th article: "the average rally phases with this 72-day wave were noted as having taken 39 trading days before topping, which favored higher highs into April 9th or later. With that...
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 for years - recent evidence suggests that may finally be changing.
Our Gold Cycle Indicator finished at 236; we hedge our mining portfolio once it advances above 350.
GOLD MONTHLY- The monthly gold chart confirmed a major breakout, and we think prices could test $3000 in 2024. By 2030, we see prices trading over $8000.
GOLD- In the near term, gold is consolidating after spiking to $2448. We think prices could challenge $2500 before slipping into the next four-month cycle low due mid-June.
SILVER- Silver is taking a breather after spiking above $29.00; we see the potential for a...
More Gold Price Forecasts
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).
The Federal Reserve plans to scale back Quantitative Tightening, currently set at $95 billion monthly, sparking a surge in the price of gold.
After almost 4 years of going nowhere gold has this month broken out into what looks set to be by far its biggest bullmarket to date, and it would be surprising if it wasn’t given the fundamental outlook which is for currency and societal collapse, implosion of the...
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.