Latest Gold Price Forecast & Predictions
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | +0.89% | +0.25% | -1.48% | -1.98% | -1.12% |
Gold Price Forecasts - Analyst Predictions
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Since my last article from late-August, Gold has turned sharply lower, off an anticipated correction with our short-term cycles. As for U.S. stocks, this market has also been in a correction phase, with a bigger low there due into late-September to mid-October.
First, we'll take a look at the cyclical position of the Gold market.
Gold's 10-Day Cycle
The smallest cycle that we track is the 10-day wave in Gold, which is shown on the chart below:

From my last article: "in terms of price, we noted the 4648.00 figure (December, 2026 contract) as the downside 'reversal point' for this 10-day cycle. In terms of time, the next trough for our 10-day cycle in Gold is projected for the early-September window, where it will likely turn up for what could/should be a decent 3-5 day (ideally, countertrend) rally." ...
August CPI came in at 0.4%, pushing the odds of a Fed rate hike next week to 85%.
If the Fed hikes rates, expect a bit more downside in precious metals. If they hold steady, the correction is likely over, and prices could shoot higher, especially miners.
In a worst-case scenario, escalating attacks on energy infrastructure in the Middle East could send oil shooting above $120, triggering an October surprise, and broad market selloff.
10-YEAR YIELDS: The 10-year Treasury yield is testing its 2023 high as surging oil prices stoke inflation fears. A sustained breakout above 5.00% could trigger a significant selloff in stocks and other risk assets, potentially extending into October.
WTIC: Crude oil is testing the $100 level as attacks on Saudi oil infrastructure intensify. A Houthi blockade of the Red Sea could send prices surging above $120 in short order. Markets are approaching a dangerous crossroads, with global oil reserves near record lows and limited spare...
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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.















