Gold Price Now: USD $2,441.94 0.00 0.00%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | 0.00% | -0.48% | +2.00% | +1.46% | +2.11% |
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: July 03, 2024
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
Dollar, cycle lows, Federal Reserve policy
Gold Forecast 1 Year
Bullish: $2730
Medium-term price drivers:
US dollar, bear market in stocks and recession, weak investor sentiment
Gold Forecast 3 Years
Bullish: $3375
Long-term price drivers:
US dollar, US budget deficits, central bank monetary debasem*nt, negative real interest rates, and the potential for an uptick in sovereign buying.
Featured Gold Price Forecasts
Gold's Mid-Term Cycle + U.S. Stocks Update
By Jim Curry Chief Analyst & Editor @ Goldwavetrader - July 29, 2024
As mentioned in my prior articles for Gold-Eagle, the last low of significance for Gold was due to form into the late-May to early-June window. That decline was favored to end up as a countertrend affair, before turning back to higher highs into July or later - then to be on the lookout for the next mid-term top in the metal.
Gold's 72-Day Cycle
The 72-day cycle is currently the most dominant cycle for Gold. This cycle was recently projected to bottom-out around the late-May to early-June window.
Here again is that 72-day cycle for Gold:
In terms of price, our ideal minimum price decline with this 72-day cycle called for a drop back to the 72-day moving average - which was hit back in June.
In terms of patterns, the correction with this 72-day wave was expected to end up as a countertrend affair, holding above the prior 72-day trough from back in February. This did end up as the case, with the path looking for a push back to higher...
Read More »
By Christopher Aaron Chief Analyst & Founder @ iGold Advisor - July 27, 2024
The gold price has just recorded a new record all-time high: $2,483 in the spot market on the night of July 17, 2024. Although this new record is a welcome development for precious metals investors, just within the last week a new signal has developed which may spell trouble for investors. This signal could suggest a significant top to develop soon in the gold price, so investors should monitor this developing situation closely.
What is the troubling signal we are referring to?
It is the divergence between the price of the senior gold miners compared to the price of silver.
Why should gold investors care about either the senior gold miners or the price of silver?
Because both are treated as “leveraged” forms of gold by the overall market.
Below we show these three components of the precious metals sector – gold, silver, and the senior gold miners – since February. Notice how both silver and the gold miners have moved nearly in lockstep – indeed both have behaved as a leveraged form of gold, moving nearly twice as high as gold in percentage terms:
The Problem for Precious Metals
So what is the problem in the precious metals sector?...
Read More »
More Gold Price Forecasts
Gold Forecast: Price Action Supports Explosive Run Towards $2800
By AG Thorson Technical Analysis Expert & Editor @ GoldPredict.com-July 5, 2024
The gold cycle bottomed in our June target window and the breakout towards $2800 is underway. Our analysis supports a seasonal peak by September, followed by a potentially sharp retracement into year-end.
Read More »
By Jim Curry Chief Analyst & Editor @ Goldwavetrader-June 23, 2024
From comments made in my past articles, Gold was ideally headed down into the late- May to early-June window, before setting up the next key low. With the recent action, we have either formed that low (yet to be confirmed), or else we have a marginally lower low...
Read More »
Gold Forecast: Expecting New Highs and a Powerful Rally into August
By AG Thorson Technical Analysis Expert & Editor @ GoldPredict.com-June 21, 2024
Gold, silver, and platinum closed above the prior week's highs, and I see the potential for cycle lows. Miners gapped through their respective 50-day EMAs on Thursday, and one more strong up-day would establish a bottom.
Read More »
Gold Forecast: Gold Approaches Cycle Lows as Inflation Recedes
By AG Thorson Technical Analysis Expert & Editor @ GoldPredict.com-June 14, 2024
Metals and Miners are in the timing window for cycle lows and prices may be very close to bottoming. Gold needs to close above Wednesday’s $2358 high to reverse the post-Fed breakdown and support an immediate bottom.
Read More »
Gold Forecast: Gold Cycles Were Correct! Key Update
By Jim Curry Chief Analyst & Editor @ Goldwavetrader-June 9, 2024
From comments made in my articles in past months, Gold had formed a key bottom back in mid-February - and with that was projected higher into mid-April of this year, or later. From there, a correction was favored to play out into the late-May to early-June window,...
Read More »
Gold Forecast: Our Cycle Work Supports a Bottom Next Week
By AG Thorson Technical Analysis Expert & Editor @ GoldPredict.com-June 7, 2024
Metals and miners are dropping into June intermediate lows, and our work supports a bottom next week. Once gold bases, we expect a powerful rally that could push prices toward $2800 by mid-August.
Read More »
Gold Forecast: Gold Nearing Key Countertrend Low
By Jim Curry Chief Analyst & Editor @ Goldwavetrader-May 26, 2024
From the comments made in recent months, Gold's upward phase was favored to hold up into the mid-April timeframe, before turning south into a (countertrend) correction low, made into late-May to early-June. With the most recent decline in the metal, we are moving...
Read More »
By Christopher Aaron Chief Analyst & Founder @ iGold Advisor-May 8, 2024
There is a secret tool available to investors who are attempting to identify winning silver and gold mining companies. Indeed, it makes a tremendous difference which mining companies investors choose: consider that from 2005 – 2011, as silver bullion rose 500%,...
Read More »
Gold Forecast: The Bull Run in Gold Miners is Just Starting
By AG Thorson Technical Analysis Expert & Editor @ GoldPredict.com-April 26, 2024
After years of going nowhere, gold launched into the next stage of its bull market.While inexperienced investors might feel inclined to capitalize on recent profits, such a move could prove detrimental in the long run. Gold and silver miners have underperformed the...
Read More »
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.
