Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$1,819.85
-27.69
-1.50%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | -1.21% | -0.99% | -1.10% | -0.34% | +0.54% |
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: January 25, 2022
Gold Forecast Short Term
Bullish
Price Drivers for next 6 weeks:
US dollar, inflation, economic deceleration, FOMC decisionsGold Forecast 1 Year
Bullish: $2066
Medium-term price drivers:
US dollar, inflation data and omicron variant, real yields, and weakening stock market. Declining purchasing manager's index, possibly causing the Fed to tighten policy less than is currently priced in. Gold Forecast 3 Years
Bullish: $2,700
Long-term price drivers:
US dollar, fed monetary debasement, persistently negative real rates, and competition with bitcoin as alternative moneyFeatured Gold Price Forecasts
Gold rallied by almost $10 on Monday, the stock market reversed, but gold miners declined anyway. What is this witchcraft?
Because they’re weak, that’s why. This is because there is a medium-term downtrend in them. In fact, let’s keep in mind that it was only gold that managed to break above the 2011 highs – neither silver nor mining stocks got even close to similar price levels. Thus, has the real bull market in the precious metals sector begun yet? No, it hasn’t. It was only gold that caught people’s attention, and only temporarily so.
The fact is that despite the open-ended QE, historically low interest rates for years, and a global pandemic that triggered world-wide lockdowns, gold was unable to hold the breakout above its 2011 high. If this doesn’t make you suspicious about the real strength of the gold bull market, then I don’t know what would.
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Recap of Last Week
Last week's action saw the gold market forming its low in Tuesday's session, here doing so with the tag of the 1804.70 figure. From there, a decent rally back to higher highs for the move was seen into later in the week, here pushing all the way up to a Thursday high of 1848.50 - before backing off the same into Friday.
Gold's Short-Term View
As mentioned in recent articles, the last short-term bottom was expected to come from our 20-day cycle component, which is shown again on the chart below:
In terms of patterns, due to the configuration of the larger 72-day cycle (more on this in a bit), the probabilities favored each of the recent short-term pullbacks to end up as countertrend affairs - giving way to higher highs for the swing.
In terms of price, the minimum expectation called for a rally back above the 1833.00 swing top, though with the upper 20-day cycle band acting as a more ideal magnet. This assumption was easily met with...
More Gold Price Forecasts
Investors fell into a shopping frenzy as tensions increased between Russia and Ukraine. Was the purchase of precious metals as safe haven justified this time?
Last week's action saw gold forming its low in Monday's session, here doing so with the tag of the 1789.30 figure. From there, strength was seen into early-day Friday, with the metal pushing up to a peak of 1829.30 - before backing off the same into the daily/weekly...
Overall, the December inflation numbers came in near expectations. Annually, consumer prices are up 7.0%, while energy is seeing the fastest rise with gasoline rising 49.6% in the past 12-months.
Last week's action saw gold making higher highs for the swing into Monday's session, here doing so with the tag of the 1833.00 figure (February, 2022 contract). From there, a sharp decline was seen into Friday, with the metal dropping all the way down to a low of 1781....
Changes are expected with the advent of a new year, but the precious metals seem to have missed the moment of transition. When will they wake up?
Last week's action saw gold dropping down into mid-week, here forming its low in Wednesday's session with the tag of the 1789.10 figure. From there, a push back to higher highs for the swing was seen into late-week, with the metal hitting a late-Friday peak of 1831.40...
Last week's action saw the gold market selling down into Tuesday's session, with the metal dropping down to a low of 1785.00. From there, however, a resumption of the short-term uptrend was seen into later in the week, here pushing back up to a Thursday high of 1812.00...
It has been a disappointing year for profit-seeking precious metal investors, but for those few of us looking to accumulate gold and silver as the ultimate insurance against runaway inflation it has been an unexpected bonus.
Last week's action saw the gold market holding weaker into Wednesday's Fed meeting, with the metal dropping all the way down to a low of 1753.00. From there, a sharp rally was seen to end the week, here pushing all the way up to a Friday high of 1815.70 - 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...
The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
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