Gold Price Forecast for today, 2023 and beyond

By: Miguel A. Rodriguez

15:42, 04 November 2022

Banks and forecast agencies have upgraded their gold price predictions for 2023, stating increasing demand from central banks, and potential ongoing geopolitical tensions.

After a difficult year filled with challenging headwinds, the gold market ended 2022 on an upswing in roughly neutral territory at $1,823 an ounce and is trading at $1,900 at the beginning of 2023. 

The precious metal was up 0.44% in 2022, which would make it one of the best-performing assets, just behind the U.S. dollar. While the bullish sentiment is building in the marketplace, some gold analysts are warning investors that they will need to be patient in 2023. 

Although gold is forecasted to continue to outperform most asset classes in 2023, some major banks and commodity analysts are not expecting to see a significant push higher until the second half of the year. For now, gold price predictions emerge to consolidation between $1800 and $2000. 

Gold Price Prediction – Key Notes  

  • Gold Price Prediction Today: Gold prices would see some pullback and resistance at $1,900 an ounce according to analysts. Prices would be determined by how inflation responds to interest rate hikes globally.   
  • Gold Price Prediction 2023: Several analysts and agencies forecast gold could rise by 10% or more in 2023. While Saxo Bank forecasted gold price to increase up to $3,000 in 2023, Societe Generale forecast gold price to decrease by $1,500 by the end of 2023. 
  • Gold Price Prediction 2024, 2025, 2030: While most analysts predict a moderate gold price increase in 2024, some gold price forecasts for 2025 indicated an eye-watering average price of around $6,700.  

With CAPEX.com you can trade Gold through CFDs if you want to speculate on price movements or invest in Gold mining stocks or Gold ETFs.  

Gold Analysis & Price Forecast – Overview 

The world economy has reached an inflection point after experiencing several shocks during the previous year. The largest was brought on by central banks, who intensified their strong campaign against inflation. 

Going forward, the outlook for 2023 and the performance of gold, including projections and price predictions, will be heavily influenced by this interaction between inflation and central-bank intervention. 

The consensus view on the economy predicts slower global growth, comparable to a brief, perhaps localized recession; declining but still high inflation; and the end of rate increases in many developed economies.  

The takeaways from this environment, which has both headwinds and tailwinds for gold, are as follows: 

  • Mild recession and weaker earnings have historically been gold-positive 
  • Further weakening of the dollar as inflation recedes could provide support for gold 
  • Geopolitical flare-ups should continue to make gold a valuable tail-risk hedge 
  • Chinese economic growth should improve next year, boosting consumer gold demand 
  • Long-term bond yields are likely to remain high but levels that have not hampered gold historically 
  • Pressure on commodities due to a slowing economy is likely to provide headwinds to gold in H1 
  • On balance, this mixed set of influences implies a stable but positive performance for gold. 

However, the 2023 gold price predictions are veiled in an exceptionally high degree of uncertainty. For instance, excessive tightening by central banks could cause a more severe and pervasive gold price decrease. The global economy might also be left teetering dangerously close to stagflation if central banks unexpectedly reverse direction and stop or reverse rises before inflation is under control. Gold has typically reacted favorably to these circumstances. 

On the other hand, gold might suffer and risk assets might gain with a less likely "soft landing" that avoids recession. 

However, there are several factors that suggest gold and gold stocks may outperform the general markets. Factors likely to impact the price of gold in 2023 include an increase in central bank purchases, rising jewelry demand, and limited gold mine supply. 

Gold miners (GDX) can provide investors with leverage to gold prices and the possibility of strong risk-adjusted returns. Despite a challenging year in 2022, gold miners are currently undervalued according to various valuation metrics and have strong financial foundations, carrying the lowest debt and most cash on the balance sheets in years. 

Continue reading for more information, including: 

  • The factors that may drive gold prices in 2023 
  • Gold chart analysis and price targets 
  • Gold price predictions for 2023 and beyond 

Gold price forecast today - Will the gold price decrease in the coming days after this rally to $1,900?

Gold prices soared after reaching a triple bottom on November 3rd, breaking some important price resistances along the way and exiting the bearish channel. 

XAU/USD first breached the 50-day moving average at 1,675, which also corresponded with the upper band of the descending channel in 2022, and then the 200-day moving average in December, hanging around 1,800. 

Gold prices have successfully retraced slightly more than 61.8% of the 2022 high-to-low range. This key Fibonacci retracement level lies around 1,895.  

This is a critical hurdle for gold to overcome since it marks the last resistance. If bulls prevail over bearish resistance there, they may have enough confidence to push prices higher to 1,971 (78.6% Fibonacci). 

If a bearish RSI divergence forms, the pressure from sellers may increase. Gold prices are higher than in mid-November, but the momentum oscillator is falling. 
If this scenario plays out, the initial support level would be 1,841 (50% Fibonacci), followed by 1,788-84 (38.2% Fibonacci and 200-DMA).  

Support 

  • $1,841 (50% Fibonacci retracement) 
    $1,800 (Psychological) 
    $1,720 (Prior Resistance/Support) 
    $1,600 (2022 Lows) 

Resistance 

  • $2,050 (March 2022 Highs) 
    1,971 (78.6% Fibonacci) 
    $1,900 (Psychological Resistance)  

Gold Analysis – The Main Drivers for 2022 and beyond 

Despite the somewhat weak performance in 2022, there are many reasons to believe that gold will produce positive returns in 2023. 

Central bank purchases 

Global central banks have been purchasing gold at unprecedented levels, especially those in China, Turkey, and India. The pace of this tendency has accelerated. In order to diversify their foreign exchange holdings and lessen their reliance on the U.S. dollar, they have been boosting their gold reserves in recent 13 years. 

The World Gold Council reports that the total amount of gold demanded by central banks in 2022 has surpassed all annual totals since 1967 with 673 tons! 

Global central banks bought about 400 tons of gold during the third quarter of this year, a huge rise. The World Gold Council has kept data for this sector going back to 2000, and this quantity of demand is over twice as high as the previous record set in the third quarter of 2018. The year-to-year total of roughly 700 tons, which is more than any other full-year total since 1967, also represents the ninth quarter in a row of net acquisitions (when the US dollar was still backed by gold). 

In response to growing inflation, central banks are moving towards safer assets, according to World Gold Council. The People's Bank of China said in November 2022 that it had purchased 32 tons of gold for about $1,650 per ounce. Since September 2019, this is the first time the central bank has disclosed a change to its gold holdings. 

In 2023, this pattern is anticipated to persist, which could result in a rise in gold prices. The central bank purchases is one of the main reasons gold price predictions were upgraded during 2022. 

Jewelry demand 

According to the World Gold Council, there was a high demand for gold jewelry in the third quarter of 2022, with consumption exceeding 523 tons. Despite a worsening global economic climate, this is a 10% year-over-year gain. 

Over the previous ten years, the demand for gold jewelry has fluctuated between 840 and 2,100 tons annually, with an average of roughly 1,500 tons. 

Demand for gold jewelry is anticipated to rise further if COVID-related restrictions are loosened and China's economy is allowed to resume. With approximately 700 tons of gold jewelry sold there each year, China is currently the largest gold jewelry market in the world (based on the most recently available 2021 statistics). 

Most specialists predict that the Chinese economy will fully reopen by the middle of 2023, and there are even rumors that it has already begun. 

Cultural customs and the rising prosperity of the middle class, which views gold ownership as a symbol of sound financial judgment and a guarantee of good fortune, are what fuel the demand for gold jewelry in China. 

In China, cultural values and the growing middle class's prosperity have an impact on the desire for gold jewelry. Owning gold is viewed by many Chinese people as a sign of wise money management and good fortune. You can place a wager that Chinese citizens will possess more gold in 2023. 

New mine supply 

About 75% of the annual supply of gold comes from mines, hence mining output heavily influences the availability of gold. However, the production of mines worldwide has been sluggish recently and seems to have peaked in 2018. 

The World Gold Council estimates that as of the third quarter of 2022, there were 1,215 tons of total gold supply, rising a little (1% annually). The council warns that "significant fresh discoveries are increasingly rare," even though mine output levels have grown since 2008. 

Finding high-grade, profitable gold mines is getting more and more difficult, and growing inflation, which raises the expenses of developing and running a mine, is making it more and more difficult for gold projects to be economically viable. 

Federal Reserve 

Interest rates have been rising at the highest rate in recent memory according to the Federal Reserve. But in the upcoming years, it is anticipated to shift to lowering rates. According to some observers, this might happen as early as the end of 2023, when the economy is expected to be recovering from the COVID-19 epidemic and possibly facing additional difficulties like a recession. 

Since gold does not pay interest, lower interest rates reduce the opportunity cost of holding it and increase its appeal to investors, which is typically viewed as being favorable for gold prices. 

One of the key variables that might affect demand for gold is interest rates, which can change how desirable gold is as a store of value or an inflation hedge. Investors may be more inclined to buy gold as a safe haven asset when interest rates are low, which might increase the price of the metal. 

U.S. dollar 

The value of the US dollar and gold prices typically move in opposite directions. Gold prices frequently increase as the value of the dollar decreases. 

The recent decline in the value of the dollar is anticipated to continue in 2023, which could result in higher gold prices. 

The dollar is anticipated to continue strong in the first half of next year but to weaken in the second half, according to Wells Fargo analysts. Market insiders predict that the dollar will start to decline in the middle of 2023 as they prepare for the potential of loosening monetary policy in the US. 

According to the analysts, quoted in FXStreet.com, "when the Federal Reserve closes its tightening cycle and US economic prospects worsen, we expect the dollar will enter a period of cyclical depreciation and decline versus most foreign currencies for the duration of next year." We believe that the dollar's decline will be widespread enough to allow most G10 and emerging market currencies to gain ground on the greenback in 2023. 

How do analysts see the price of Gold moving in the coming months? Below, we look at some of the latest gold price predictions and gold price forecasts for 2023, and beyond. 

Gold Price Prediction for 2023: What Do Experts Predict? 

 

Now that we've evaluated the key drivers behind gold prices in 2023, where are gold prices likely heading in 2023? We've pulled some of the most notable gold price predictions we could find on the web from top-rated analysts and investment banks.

Inflation and interest rate decisions remain determinant factors

There is widespread agreement among analysts as to the likely driving or curbing factors for the gold price next year. However, they have different ideas about where the gold price could stand at the end of 2023. 

The World Bank assumes that US interest rates will continue to rise and sees gold at US$1,700 at the end of 2023. The forecast of the Australia and New Zealand Banking Group is even more pessimistic, forecasting Gold at $1,650 by the end of 2023. 

The analysts of Fitch and Trading Economics forecast gold at US$1,600 at the end of 2023, while Société Générale expects only 1,550. This is the most bearish gold price prediction for 2023.

Also, T.D. Securities is among the most bearish on gold in 2023. The Canadian bank sees the precious metal falling to $1,575 by the first quarter of next year.

However, the bank forecast gold prices to rally back to $1,800 an ounce by the end of the year and it sees prices rising to $1,900 by the end of 2024.

Bank of America looks for the FED to end its tightening cycle in March and sees the first rate cut by the end of 2023.

In this environment, Michael Widmer, commodity strategist for Bank of America, forecast gold prices to have a path to $2,000 an ounce.

Commodity analysts at Commerzbank are also expecting the Federal Reserve to cut interest rates by the end of the year. However, they added that in the short-term, gold prices could struggle as investors adjust to a new terminal rate hike above 5%.

"After what is expected to be the last interest rate hike in March, a period of unchanged rates is likely to follow before the Fed cuts the key rate again toward the end of 2023 in view of a weak economy and lower inflation. The Fed, on the other hand, is not yet forecasting this. As soon as the Fed also adopts this view, the gold price should rise again," said analysts at the German bank.

"This should be the case in the second half of next year, because by then, inflation will have fallen far enough, and the U.S. economy will have been in recession since the beginning of the year. The gold price should also be supported by the weakening of the U.S. dollar expected by our currency strategists."

Commerzbank forecast gold prices at $1,850 by the end of 2023.

Base rate cuts at the end of 2023 could boost the gold price

The analysts of Swiss UBS assume that the US base rates could be slightly lower again towards the end of the coming year and expect a positive gold price development with a target price of US$1,900. Analysts at Deutsche Bank take a similar view, forecasting gold at 1,900 by the end of 2023. 

The economic news service Reuters forecasts a year-end price in 2023 of only $1,750, while the analysts of Netherlands-headquartered ABN Amro share the sentiment of their Swiss colleagues and forecast a gold price of US$1,900. As in 2022, the euro gold price development might differ significantly depending on the strength of the US currency, which may well continue in 2023.

Along with Bank of America, some of the most optimistic gold price predictions for 2023 are coming from Swiss Asia Capital and Saxo Bank. 

Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile, said analysts of Swiss Asia Capital

The price of the precious metal could reach between $2,500 and $4,000 according to their latest 2023 gold price prediction.

Swiss Asia Capital explained that many economies could face “a little bit of a recession” in the first quarter, which would lead to many central banks slowing their pace of interest rate hikes and making gold instantly more attractive. He said gold is also the only asset that every central bank owns.

Ole Hansen, head of commodity strategy at Saxo Bank, said that he doesn't expect the Federal Reserve to bring inflation under control.

"The risk of a recession and the FOMC hiking into economic weakness – potentially without succeeding in getting inflation under control - continues to strengthen the upside risk for investment metals in 2023," he said.

Saxo Bank forecasts Gold will rocket to $3,000 in 2023.

Is a $3,000+ gold prediction likely in 2023?

No, most likely. After all, it’s an outrageous forecast. A second wave of inflation is possible, and it can be more persistent than some optimists assume, but very few believe that it will get out of control. Stagflation could complicate curbing inflation to the target, as the Fed could be forced to stimulate the economy at still relatively high inflation.

However, the Fed’s quantitative easing and cuts in the interest rates shouldn’t prompt commercial banks to expand credit significantly during the recession, which means that the broad money supply won’t accelerate again (which would translate into a new burst of inflation).

And, of course, a gold price prediction of $3,000 or above is unlikely, even with inflation ultimately beating central banks. Given the current level of about $1,900, it would be around a 60% surge. The last time gold achieved such an annual rate of returns was in the 1970s. Since then, the highest annual rate of return was 32% in 2007, only after the Great Recession started. In the pandemic year of 2020, gold soared by about 25%.

Assuming a 25-32% surge, as in the last three recessions, the price of gold could skyrocket to $2,200-$2,400. It seems to be a more reasonable gold price prediction, but even this gold forecast could be too outrageous. If the recession arrives in the second half of 2023 rather than in the first six months, the upside potential of gold will be more limited, especially if we see a rush towards cash and a selloff in the gold market in the first phase of the economic crisis. 

In such a scenario, it would be gold’s great achievement to surpass its previous all-time peak of $2,075. 

Other Gold Price Predictions 2023 

Analysts expect that production will expand through 2023, given that prices are well above production costs. Uncertainty over the end of the economic recession and higher rates of inflation may push gold prices higher.

Wallet Investor

The gold price will go up all the way till September when it will retest the 1,963 level. A sideways movement is expected and the closing price of 2023 for Gold is forecasted to be $1,935. 

Long Forecast

Gold price will increase in H1 2023 and decrease in H2 2023. At the end of June, the price of gold is forecasted to be $2,163. After that, there will be a steady downtrend - the closing price in December is predicted to be around $1,906.

Coin Price Forecast

By the middle of 2023, the gold price prediction is $2,055, and the growth will maintain till the end of the year when the closing price will be $2,196.

Gold Price Forecast 2024

Overall, the price of gold in 2024 will go up, and no significant falls are expected. However, investors should keep in mind that this growth will be at a slow pace. There is good news for long-term investors - the volatility in 2024 is said to be low. Let's dive into the details.

Wallet Investor 

The opening price in January will be $1,940. The whole year will show stable growth. At the end of June, the Gold price prediction is $2,000. The last day of 2023 will leave us with gold trading at $2,014.

Long Forecast 

The opening price in 2024 will be $1,906. No sharp movements are expected. By the beginning of July, the opening price will be above $2,000. The gold price forecast for 2024 is 1924. 

Coin Price Forecast 

$2,200 is the gold price forecast for the beginning of 2024. By the middle of the year, it will manage to go up to $2,337. The growth will continue to make all investors happy, and on the 31st of December will congratulate the world with a closing price of $2,431.

Gold price prediction for the next 5 years 

After a two-year range market, the price of gold may resume the overall uptrend. Its recent awakening occurred right after the gold price dipped below the $1,700 mark for the first time in a one-and-a-half-year on July 21 and continued to rally for 2 straight weeks. 

What is the gold price prediction for the next 5 years? See below the forecaster's projections for gold prices in the 5 years approximately. 

Though it is hard to say for sure for such a long period of time, experts from different resources concur that gold will continue rising. However, they have opposite opinions about the speed of this growth.

Gold Price Forecast for the next 5 years from Wallet Investor 

Wallet Investor offers a gold price forecast for the next 5 years. The opening Gold price in 2025 is forecasted to be $2,108. The closing price in June 2025 will be $2,075, and it will continue going up - at the end of December, the closing price will be $2,092. The first half of 2026 is also nice and pleasant for gold investors. The following periods will also demonstrate the uptrend, and the year will close with $2,168. Moderate growth will continue in January 2028. The gold price prediction for the next 5 years is $2,250.

Gold Price Prediction for the next 5 years from Long Forecast 

The Economy Forecast Agency provides a gold price prediction only till the end of January 2027. The beginning of 2025 will continue the sideways movement. The opening price in January will be $1,923. An uptrend will happen in July as the price rally to over $2,000. Then, the price will grow modestly and the 2025 gold price prediction is $2180.

Gold Price Forecast 2025-2030 from Coin Price Forecast 

Coin price forecast offers a gold price forecast for the next 5 years. 2025 will start with a price of $2,431, and the uptrend will continue: mid-year will give us $2,537. Then, the price will start a strong uptrend and the figures will go up till the middle of 2028; at that point, the price will reach $3,284. The growth will continue at a faster pace since then. By the end of 2030, the price will be $4,311.  

Gold price forecast is the only agency providing a gold price forecast for the next 10+ years. According to their algorithms, the gold price is forecasted to rich $5,357 by the end of 2034. 
 

*It is worth keeping in mind that both analysts and online forecasting sites can and do get their predictions wrong. Keep in mind that past performance and forecasts are not reliable indicators of future returns. When considering gold price predictions for 2022 and beyond, it’s important to keep in mind that high market volatility and the macroeconomic environment make it difficult to produce accurate long-term gold analysis and estimates. As such, analysts and forecasters can get their gold forecast wrong. 

What moves the price of gold in the future?

Unlike almost any other asset, gold is typically neither a safety nor a risk asset, though the popular financial media have often called it both over the years (depending on how gold has been performing in recent months). Instead, it’s a currency hedge for which demand rises when there are concerns about inflation diluting the purchasing power of fiat currencies (particularly those most widely held, like the USD and EUR). In other words: 

  1. In times of optimism (aka risk appetite), gold can either appreciate if markets believe growth will lead to inflation, or it can fall if the desire for higher yields overrides inflation concerns and investors move into more classic risk assets which they believe will provide better returns.
  2. In times of pessimism (aka risk aversion) gold can either rise if markets believe that stalling growth will lead to rising deficits and/or money printing that could cause inflation, or it can also fall on fears of deflation or a market crash that feeds demand for cash. In times of panic, traders seek cash either to cover margin calls or other obligations or to be ready to go bargain hunting. 

    If pessimism turns to panic, then gold could either: 
    – rise if markets are more concerned about the USD or EUR losing their purchasing power than about near-term liquidity needs, as was the case at times from 2009 through 2011. 
    – fall if markets are more concerned about liquidity than the loss of purchasing power, as was the case in late 2011. 

When markets are not concerned about fading purchasing power, the major currencies tend to gain against gold. That can happen due to: 

  • Low inflation expectations, as we saw starting in late 2011. Concerns about the global economy kept inflation fears low, and so gold began a multi-month downtrend. 
  • Panic periods are when markets fear a financial crisis, and liquidity becomes the top priority. We saw gold sell-off during times of peak anxiety about the US or EU. During these periods, investors tend to sell gold to raise cash. 

>> Learn how to invest in Gold

How Has the Price of Gold Changed Over Time? 

Below is a Gold chart that shows how the price of gold changed over the past ten years. In order to make our predictions and forecasts as accurate as possible, it’s important to look back at such historical data.   

Source: CAPEX WebTrader

One of the biggest drivers of gold is currency values. Because gold is denominated in dollars, USD can have a significant impact on the price of gold. A weaker dollar makes gold relatively less expensive for foreign buyers and may lift prices. On the other hand, a stronger dollar makes gold relatively more expensive for foreign buyers, thus possibly lowering prices.

The price at the beginning of 2019 was $1,413.75. Though it fell insignificantly in April to $1,353.26, it continued going up till August and became $1,601.35. However, in November, the price lowered to $1,524.80. The reason for this was the falling gold demand in India. Actually, it fell to its lowest level in three years. The World Gold Council (WGC) explained that this was due to  domestic prices climbing to a record against a backdrop of falling earnings in rural areas.

The price was able to recover and rose up to $2,063.56 in August 2020. This peak hasn’t been reached again yet. The coronavirus pandemic and the unprecedented flow of money supply by government stimulus triggered sharp buying in the bullion metal in both domestic and global markets in 2020. 

The price didn’t manage to maintain this high and fell to $1,840.38 in November 2020. Pfizer was the main reason. The US-based pharmaceutical corporation announced the Covid-19 vaccine news. They made a surprising announcement regarding the status of their coronavirus vaccine trial.

The price managed to recover a little bit, but that didn’t save it from another fall in March 2021 - it fell to $1,742.68 as the dollar strengthened after the jump in US private-sector jobs. “Gold looked as if it was topping out,” Ross Norman, Chief Executive Officer at Metals Daily, said. “Some profit-taking exacerbated the decline, and gold will rebuild from here.” He was right - in May 2021, the price became $1,904.76. Little did he know that the price would again go down, reaching $1,771.60 because of problems with the coronavirus in India. 

There were no sharp ups or downs during summer. The first month of Fall 2021 ended with a price decline to $1,726.11 per ounce. The next seven weeks showed a strong recovery – up to $1,866.96. This happened due to the investor's rush into safe-haven assets. A stronger dollar and the Fed policy led to the following sharp decline. However, the situation changed in December when the bulls took the trend. 

Between the end of January 2022 and the 8th of March 2022, gold had a 16% gain, trying to surpass its previous record high of $2075 per ounce set in August 2020 as a result of the conflict in Ukraine that increased geopolitical tensions and market risk aversion. 

Midway through March 2022, the Fed announced its first interest rate increase of the year, and gold started to flex lower. The downward trend in gold prices continued through the summer and into Q3 when Fed Chair Jerome Powell quickened the pace of rises. In the midst of a dollar rally and rising Treasury yields, gold plummeted 22% from its March highs to September lows at 1,615/oz. 

After reaching a so-called technical "triple bottom" in the months of September, October, and November, gold started to rise by 12% by the end of December. 

Overall, gold's performance in 2022 was inconsistent when compared to that of other important metals. Copper (-14%) and palladium (-4.2%) were outperformed by the yellow metal, but it lagged behind silver (+4.5%) and platinum (+4.6%). 

Conclusion: Is Gold a Good Investment? 

When you are bullish on gold, you are essentially making a trade where you are hoping for a weaker USD and lower US yields. While the latter may now be more difficult to find, yield downside risks have been increasing. We may be past the peak of central bank hawkishness as the Fed and other central banks are attempting to decrease the rate of rate increases. 

A more inverted yield curve and multi-month drops in the CB leading index data are only two of the warning indications of a US recession that are growing. More so than many economists, both have a track record of accurately predicting recessions. As a result, the likelihood that yields will decrease going forward is growing. 
Although there has been ups and downs in the price of the precious metal in 2022, the 2023 gold forecasts and price predictions are positive.

Make sure to create a free demo account on CAPEX.com! You will be up to date on interesting updates about Gold as an investment asset, and the user-friendly interface will come in handy if you decide to start trading Gold or any other asset.  

Gold Price Forecast FAQ

When will the gold price rise? 

The gold price moves in response to macroeconomic and geopolitical factors, as it gains value in times of volatility in the financial markets and global turbulence. Many analytical agencies see gold prices to be at the beginning of a long uptrend. 
The global situation is expected to become even tenser, and it could be another potential tailwind for gold — which is considered a safe investment asset in times of uncertainty.

Will gold rate decrease in the coming days? 

Although a weaker stock market is providing the commodity with some positive momentum, the rising US Treasury yields is driving the gold rate down. The gold rate could decrease in the coming days up to $1600, the 50% retracement level.

How low will gold go? 

At the moment of writing, experts have a positive outlook on the price of gold for the near future and do not expect the precious metal to go low. 

What will gold be worth in 5 years? 

At the beginning of January 2027, WGC predicts a price of more than $3,500. The maximum price forecast for 2027 is $3,794, and the minimum price forecast is $3,529.

What will gold be worth in 10 years? 

Long-term price forecasts for any investment asset are very approximate and may change due to various factors. Analysts cannot make a reliable gold price forecast for 10 years in the future. However, at the end of 2030, the price may be $4,503.

Why is the gold price in UAE going up? 

The pandemic, increasing global tensions, and overall economic slowdowns have led to a constant rise in the gold rate in the UAE and around the world in the first part of 2022. 

What is the Gold price prediction in India?

The Gold rate could decrease in the coming days up to 130,000 IDR, or 50% Fibonacci retracement. Rising US Treasury yields have a negative impact on Gold prices that could drop to a 2-year low in the coming days.

What is the expected Gold price in 2025 in India?

With most of the Gold rate predictions between $2000 and $2500, the expected Gold price in 2025 in India can be between 160,000 and 200,000 IDR.

What is the expected Gold price prediction for the next 5 years?

The gold price prediction for the next 5 years is $2,306, according to the forecasting agency Wallet Investor.

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