Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$1,912.26
-4.38
-0.23%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | -2.11% | -0.71% | -0.81% | -0.72% | +3.25% |
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: January 19, 2023
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
US Dollar, real rates and labor/recession indicators, resistance at $1880Gold Forecast 1 Year
Bullish: $2,075
Medium-term price drivers:
Rising US dollar, resistance as gold approaches $2,000, weak investor sentiment in general Gold Forecast 3 Years
Bullish: $2,650
Long-term price drivers:
US dollar, falling currency prices, fed interest rate pivot, structural stagflation, central bank policy errors, negative real interest rates, and the potential for an uptick in sovereign buying.Featured Gold Price Forecasts
The Fed likely has one or maybe two more rate hikes before they pause in the second quarter.
The US must raise the Debt ceiling before July to avoid a technical default.
Bank lending standards approach recessionary levels supporting widespread weakness.
Fed Update
Powell spoke last Friday, explaining how their actions may be viewed as unpopular over the coming months as they hold fast to keep rates higher for longer. He vowed to resist any political backlash.
I believe Powell understands that if he cuts rates too soon, consumer spending will rebound, and inflation will come roaring back. That is precisely what happened in the 1970s when Author Burns cut too quickly.
What could cause Powell to deviate from “higher for longer” and cut rates sooner? I think it would take another global crisis, core inflation dropping below 3.0% for several months, or unemployment soaring above 5.0%. I don’t see any of those happening in the first half of 2023.
Technical Debt Default
According to Secretary Yellen, the Treasury Department has begun using ...
More Gold Price Forecasts
Gold has staged an impressive recovery from its Q4 2022 lows of $1,615 per ounce: the precious metal is trading at $1,860, or 15.2% higher, as this article is going to press in early January.
As mentioned in past articles, the last mid-term low for Gold was expected to come from our 72 and 310-day cycles - and was due to materialize around the mid-to-late October timeframe, but with a decent plus or minus variance in either direction. That low came and went...
As might have been deduced, the stock market invalidated its recent upswing. What's more, it dragged gold miners down. But is this really a bearish story? In yesterday’s analysis, I wrote that the stock market was likely to invalidate its recent upswing above its 38.2...
The star pattern turned out to be an accurate prediction of gold's decline. If the dramatic downturn stage begun, what will happen to the GDXJ? In yesterday’s analysis, I emphasized that gold’s shooting star reversal was a very bearish indication for gold. Indeed, gold...
The precious metals market appears to have topped. The fact that junior miners underperform gold serves as bearish confirmation that more downward waves may follow. Almost everything I wrote and said yesterday also is still relevant today.
From the comments made in past months, the mid-term cyclical picture for the Gold market called for the rally into August to end up as a countertrend affair, before turning sharply lower into the mid-to-late October timeframe. In terms of price, a drop back to the 1650...
Gold confirmed a bullish breakout after Thursday’s inflation report. After months of disappointment, gold bugs can breathe a sigh of relief.
As per my articles posted back in September, the mid-term cycles for Gold were seen as heading south into mid-October or later, where the next key low was expected to form. With the action seen since, Gold has continued to make lower lows for the move into that mid-...
With the early failure of the summer rally at 1,807 USD, the outlook for the gold market quickly deteriorated again since mid-August. As a result, the bears were able to push gold prices without much resistance below the important support at 1,680 USD.
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...
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...
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...
USA has the world’s largest holdings of gold: 8,134 - representing 77% of its Total Foreign Reserves.
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