Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$1,791.84
-11.51
-0.64%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | -0.37% | -0.04% | +1.00% | +1.69% | +1.85% |
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: October 18, 2021
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
US dollar, stagflation, gold miners relative strength, counterbalanced by Fed tightening narrative.Gold Forecast 1 Year
Bullish: $2160
Medium-term price drivers:
US dollar, stock market crash will pull/keep metals rom rocketing higher, GDX break below 31 support, real interest rates.Gold Forecast 3 Years
Bullish: $2,900
Long-term price drivers:
US dollar, negative real yields, central bank monetary inflation, significant M2 growth, counterbalanced by split market share into bitcoin and elsewhere
Featured Gold Price Forecasts
Recap of Last Week
Last week's action saw the Gold market forming its low for the week in Monday's session, here doing so with the tag of the 1760.30 figure. From there, a sharp rally was seen into later in the week, with the metal running all the way up to a Friday peak of 1815.50 - before backing off the same into the weekly close.
Gold's 4-8 Week Picture
As mentioned in my prior article, the overall cyclic picture had turned back to the upside, with the mid-term waves now projected higher into the month of November:
From last weekend: "due to momentum considerations, the action seen into last week now favors the upward phase of the 72 and 154-day cycles to be back in force. In terms of patterns, the last 72-day trough had to have formed a 'higher-low' - against the August bottom. The fact that this 72-day cycle formed a higher-low on its most recent correction tends to favor the 1836.90 swing top (i.e., the last peak for this component) to eventually be taken out on its current upward phase."
As noted, the combination of the 72 and 154-day cycles had confirmed a turn higher, with that action favoring additional strength in the coming weeks - ideally into the mid-to-late November timeframe. Here again is our smaller...
More Gold Price Forecasts
With a tug-of-war for USD Index supremacy unfolding at the 94 level, precious metals are anxiously awaiting the final outcome. And because the EUR/USD is the head of the dollar basket’s snake – due to the fact that the currency pair accounts for nearly 58% of the USD...
Last week's action saw the Gold market pushing higher into Thursday's session, with the metal spiking all the way up to a peak of 1801.90. From there, however, a sharp decline was seen into Friday, here dropping back down to a low of 1765.10 - before bouncing slightly...
Gold miners are surging over persistently high inflation data. Perhaps investors are beginning to question the transitory inflation claims of the Fed. A sustained breakout in gold miners could signal a major bottom in precious metals, in our opinion.
Last week's action once again saw Gold forming its low in Wednesday's session, here doing so with the tag of the 1745.40 figure. From there, a sharp rally was seen into early-day Friday, with the metal running all the way up to a peak of 1782.40 - before selling down...
If there was a way to describe the last days on the precious metals market, it would be “a whole lot of nothing”. More or less, that’s what happened. Let’s start with the nothing that happened in the USD Index.
Last week's action saw Gold holding weaker into Wednesday's session, with the metal dropping all the way down to a low of 1721.10. From there, however, a sharp reversal to the upside was seen into Friday, here running all the way up to a peak of 1765.20 - before...
Gold sector is on long term SELL signal. GLD is on short term sell signal. GDX is on short term sell signal. XGD.to is on short-term sell signal. GDXJ is on short term sell signal.
Gold didn’t do much yesterday, but there was more than one thing happening that served as an additional bearish confirmation. The most important sign came from silver’s short-term outperformance.
Last week's action saw Gold seeing a decent rally into a mid-week high, with the metal pushing up to a Wednesday peak of 1788.40. From there, a sharp decline was seen into Thursday's session, with the metal dropping all the way down to a low of 1737.50 - before...
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...
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...
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...
India is perennially the world’s largest gold consumer.
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