Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$1,792.60
0.00
0.00%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | -0.24% | +0.03% | -2.89% | -3.86% | -0.25% |
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: November 22, 2021
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
US dollar, China/global concerns, late stage equities bull market, inflation, Fed bond taper.Gold Forecast 1 Year
Bullish: $2005
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: $2,975
Long-term price drivers:
US dollar, fed monetary debasement, economic slowdown, weaker stock performance, but persistently negative real yields.Featured Gold Price Forecasts
- Precious metal plummeted on Monday after Biden reappointed Powell to the Fed.
- Prices are dropping into a cycle low and should find support in the coming days.
- Sentiment may finally be shifting in golds favor. I see the potential for a strong snapback rally heading into 2022.
Consumer Shortages
If you haven't had a chance, check out the 60-minutes special on the Supply Chain Crisis. It paints a potentially grim picture for the Holidays. Small suppliers are struggling to get inventory. If this is their time of year to turn a profit (black Friday), how will they fare if they have nothing to sell?
Consumer Sentiment
With used autos at record prices, housing unaffordable for new buyers, and inflation at 30-year highs - no wonder sentiment is tanking. In the chart below, sentiment dipped below the 2020 pandemic bottom and is near a 10-year low.
With Fed Chairman Jerome Powell officially reappointed for a second term and Fed Governor Lael Brainard promoted to Vice-Chair, the chess pieces are now in place atop the FOMC. However, with inflation surging and the Fed materially behind the curve, the central bank has begun to ratchet up the hawkish rhetoric.
To explain, I wrote on Oct. 21:
While the deflationists have receded into the background and the Fed is hoping that 2022 will be more kind to its “transitory” narrative, inflation is still accelerating. And while the death of QE should help calm some of the fervor, an accelerated taper that concludes “by the middle of next year” is extremely bullish for the USD Index. Moreover, with the Fed still materially behind the inflation curve, hawkish whispers of further tightening should hit the wire in the coming months.
And right on cue, Fed Vice Chairman Richard Clarida (who still holds the position until January 2022) said on Nov. 19 that he’s concerned about the “upside risk to inflation.”
...More Gold Price Forecasts
Last week's action saw Gold forming its high in Tuesday's session, here doing so with the tag of the 1879.50 figure. From there, the metal turned weaker into late-week, here dropping down to a Friday low of 1844.20 - before bouncing just slightly off the same into the...
Contrary to yesterday’s long analysis, today’s issue is going to be rather short, as nothing really happened on the precious metals market yesterday. The thing that did happen was the USD Index moving higher.
The Fed continues to inject liquidity as inflation hits 30-year highs (likely a policy error). Consumer Sentiment fell to a 10-year low as inflation reaches 30-year highs. Precious metals and miners could be on the verge of a major breakout heading into 2022.
Gold prices have languished after spiking to new all-time highs in 2020. The Fed's transitory inflation story is dead, as inflation spikes to 30-year highs. Some estimate the Fed's favorite measure of inflation (PCE) could double from 3.5% to around 7.0% in 2022.
Last week's action saw gold forming its low for the week with Wednesday's fed day, with the metal dropping all the way down to a bottom of 1758.50. From there, a firm push higher was seen into late-week, here running all the way up to a Friday peak of 1820.10 - before...
All eyes are now on the Federal Reserve meeting this Wednesday at 2 pm eastern time. Why is the pending meeting so important? Because the Fed is expected to announce the tapering of its $120 billion per month bond-buying program, which began at the onset of the...
Last week's action was choppy into mid-week, with the metal forming its high for the week in Wednesday's session, here doing so with the tag of the 1812.70 figure. From there, a sharp decline was seen into early-day Friday, with the metal dropping all the way down to a...
At the moment of writing these words, gold continues to move around the $1,800 level, so nothing really changed in the last several hours. Not much changed during yesterday’s session either. While gold, silver, and mining stocks made new highs in terms of the closing...
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 -...
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...
A medical study in France during the early twentieth century suggests that gold is an effective treatment for rheumatoid arthritis.
Latest Gold Analysis
