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GOLD PRICE FORECAST 2023, 2024, 2025 AND 2026

The outlook for the gold price will likely depend on the strength of the US dollar and how monetary tightening affects the global economy, as well as developments in the banking industry. Much of the 2023 outlook for global markets hinges on the trajectory of monetary policy as central banks ease off the aggressive interest rate hikes of the past year amid slowing economic growth and possible recessions. My forecast for the gold price in 2023 is based on the likely trajectory of inflation, recession, interest rates, stock markets, U.S. dollar, central bank demand, QE, and technical indicators. Capital.com, an online trading platform offering access to various financial markets and instruments, expects a forecasted gold price of $2,150 per ounce in 2024, up from $2,000 per ounce in 2023. However, with inflation coming down at an encouraging rate in the US while UK CPI remains stubbornly high, we anticipate a possible impact on UK gold prices. If the US monetary policy pivots during 2024 while UK interest rates continue to rise, we could see a strengthening of the Sterling against the Dollar, which would likely put the gold price under pressure for UK investors.

  • Gold Price forecast for March 2024.In the beginning price at 1988 Dollars.
  • We expect the current holding pattern for the global economy to continue into 2024.
  • That could cause people to dump dollars, to hold money.
  • The value of fixed income securities will fluctuate and, upon a sale, may be worth more or less than their original cost or maturity value.

Gold Price forecast for July 2025.In the beginning price at 1916 Dollars. The gold price forecast at the end of the month 2035, change for July 6.2%. Gold Price prediction for June 2025.In the beginning price at 1885 Dollars. The gold price forecast at the end of the month 1916, change for June 1.6%. Gold Price forecast for May 2025.In the beginning price at 1930 Dollars.

Why is gold rising?

Because of this, my most confident prediction is that over the next few years, possibly longer, the gold price will be trading at much higher prices than where it is now, regardless of what it may do this year. Gold Price forecast for November 2027.In the beginning price at 2288 Dollars. The gold price forecast at the end of the month 2344, change for November 2.4%. Gold Price prediction for October 2027.In the beginning price at 2366 Dollars. The gold price forecast at the end of the month 2288, change for October -3.3%.

The strength of the US dollar significantly influences gold prices. The two assets compete as the preferred global safe haven. If the Dollar rises, generally the worth of gold will fall and vice versa.In 2023, the US dollar appreciated against most major currencies as The Fed Reserve increased interest rates. The Federal Reserve’s monetary strategies significantly sway gold prices by influencing real interest rates, which typically have an inverse relationship with gold prices.

  • The gold price forecast at the end of the month 2014, change for December -3.2%.
  • The US economy is a significant driver of gold prices.
  • “Since real yields and the US dollar have an inverse relationship with gold, lower interest rates make gold more attractive for investors. This could push the price of gold higher, possibly reaching the $2,000 level,” he adds.

Gold tends to perform well in periods of economic uncertainty such as recessions and stagflation due to its status as a reliable store of value, and is often used as a hedge against inflation. Because gold is best viewed as a long-term investment, it’s worth considering at any price. High prices simply indicate it’s in greater demand — a signal that economic conditions make it especially valuable. If the U.S. defaults on its debt, it will be unable to pay its bills, rocking global financial markets and resulting in what Yellen predicts would be “an economic and financial catastrophe.”

When and Why Do Gold Prices Plummet?

Offering support to safe-haven gold, the escalating conflict between Israel and Palestinian militant Islamist group Hamas has kept investors on the edge. But other factors impact the value of gold, too. First, the fact that the Fed started aggressively raising interest rates means that the values of U.S. When U.S. Treasuries go up, it has a negative impact on both gold and bonds.

Gold Price forecast for March 2027.In the beginning price at 1932 Dollars. The gold price forecast at the end of the month 1993, change for March 3.2%. Gold Price prediction for February 2027.In the beginning price at 1819 Dollars. The gold price forecast at the end of the month 1932, change for February 6.2%.

What About the Price of Gold and Non-Monetary Inflation?

The Fed will be ready to switch tactics only when inflation starts to noticeably cool, which will likely happen next year. “We should see inflation coming off quite drastically over 2023, and this will then open the door for the Fed to start cutting rates over 2H23, according differentiation in python to our U.S. economist,” Manthey said. (Kitco News) Gold is still in danger of falling lower and giving up its recent gains, but the longer-term outlook is more constructive as the Federal Reserve shifts from tightening to easing next year, according to ING.

The gold price forecast at the end of the month 1988, change for February 3.9%. Gold Price forecast for January 2024.In the beginning price at 1949 Dollars. The gold price forecast at the end of the month 1913, change for January -1.8%.

The gold price is surging on inflation and Ukraine fears. Here’s where UBS sees it going this year

You can see that a long, bullish potential inverse “head and shoulder” pattern has formed. If a breakout occurs, it would mean that the early 2016 low was a false downside breakout on a major (longer-term) scale. Such breakouts usually have very strong moves in the opposite direction, in this case upward. Gold has been widely ignored since 2011 as an asset class for institutional portfolios. However, that should change as most other asset classes deteriorate and become unattractive for a while. In May 2023, a deadlock transpired over the issue of the debt ceiling between the Democratic and Republican parties.

While gold did go up 1.3% in 2022, inflation peaked at 9.1% in June 2022. If inflation were the only thing that impacted the value of gold, we would have expected to see prices surge much higher ig: an overview of the firm than they did. The rule of thumb that gold is an inflation hedge needs to be re-examined, experienced investors approach gold with more nuance, especially coming off a year like 2022.

Will gold reach $2,000 again in 2023? Here’s what experts think

As we transition into 2024, we might observe minor disturbances in the US economy, potentially towards the end of 2023 or the start of 2024. The causes could range from the fiscal cliff and issues surrounding the debt ceiling to the Federal Reserve’s sustained tightening of policies. Nikhil Kamath, co-founder of India’s largest brokerage Zerodha, said investors should review time series analysis allocate 10% to 20% of their portfolio to gold, adding that it’s a “relevant strategy” going into 2023. With debt ceiling negotiations at an impasse, gold remains an investment worth exploring. Physical demand from China is expected to pick up, but gold’s price direction will depend more on investment flows, and things are not looking promising on that front yet.

Throughout 2023, the Federal Reserve sustained its highly accommodative stance. It held the prime rate near zero and purchased assets at an impressive rate of $120 billion monthly. This approach responded to economic uncertainties and was crucial in ensuring the economy’s stability.

In addition to economic factors like interest rates and the strength of the U.S. dollar, other factors like investors’ appetite for precious metals could also affect gold prices. Meanwhile, with the Federal Reserve hinting at aggressive upcoming interest-rate increases, investor interest in precious metals is fading. To put that into context, the price of gold typically falls when interest rates rise, as the latter makes bonds more attractive as an investment. With selling pressure on precious metals mounting, gold and silver stocks are feeling the heat, as well. “Given the current environment is likely to persist, central banks are likely to continue to add to their gold holdings in the months ahead.”

That’s usually the time to take a fresh look, technical and fundamental. If everything lines up, my analysis would go against the bearish majority. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. The debt ceiling in the US serves as a limit to the amount of debt the federal government can amass. Despite gold’s lackluster performance through the summer, SocGen is optimistic that prices have a path back to $2,000 an ounce.

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