Gold price forecast and predictions for 2024 and beyond

Gold is one of the most traded commodities in the world, and as such, there is no shortage of analysts trying to predict where the price of gold is heading.

As a gold news curator, I see new gold price forecasts every week. This page aggregates these gold price predictions from every major media outlet that covers gold news. Rather than relying on one news outlet, it’s more instructive to see multiple gold price predictions as a whole.

The forecasts are from a wide variety of sources, ranging from conservative investment funds to the most bullish gold bugs. The predictions give a general overview of the industry’s mood in regards to the future gold price.

This list includes the gold price forecasts for 2022 and archives of previous years.

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This page is an ongoing archive of gold price predictions by leading gold experts and commentators from around the world. New predictions are added on a regular basis, and forecast results are recorded on elapsed dates.

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2023 latest gold price predictions

Here are some of the major gold price forecasts made in 2023.

Check today’s current gold price and compare how these forecasts have fared over time.

$4,000 in 2025 – Jordan Roy-Byrne, The Daily Gold
Gold to $4000 in 2025
Price at forecast: $2,005.38 USD/oz on 10 April, 2023.

$2,050 by year-end – UBS
Gold to reach US$2,050 by year-end as safe haven qualities shine, broker says
“The price of gold is set to reach US$2,050 per ounce by the year-end and $2,100 per ounce by March 2024, analysts at UBS have forecast.”
Price at forecast: $1,969.77 USD/oz on 24 March, 2023.

$2,500 in 2023 – Deven Soni, CEO of Matador
$2500 gold will be a reality in 2023 as strong inflation and weak equities push investors into precious metals – Deven Soni, CEO of Matador
“Personally, I see a 20 to 25% increase in 2023, so let’s call it $2400, $2500, somewhere in there.”
Price at forecast: $1,976.84 USD/oz on 20 March, 2023.

$2,400 by 2028 – Pierre Lassonde, Chairman Emeritus of Franco-Nevada and CEO of Fireside Investments
Pierre Lassonde: Gold to reach $2,400 by 2028 as geopolitical tensions mount, central banks purchase more bullion
“Gold will hit as high as $2,400 per ounce over the next five years, as countries like Russia seek to divest of U.S. dollars, after the dollar was weaponized following Russia’s conflict in Ukraine.”
Price at forecast: $1,852.59 USD/oz on 6 March, 2023.

2022 Predictions

$2,500 in 12 months – Goldman Sachs
Gold Price Forecast: XAU/USD seen higher at $2,300 over three months – Goldman Sachs
Price at forecast: $1,808.00 USD/oz on 8 March, 2022.

$3,000 over 12 months – Frank Holmes
Gold is going to $3,000 when war breaks out but Bitcoin will still lag, here’s why – Frank Holmes
“Three standard deviations over twelve months is. I think [gold] is undervalued. I think it’s probably worth about over $4,000 if you use money printing number data, then you’re talking $7,000 or more. I feel comfortable that gold can easily run to $2,500 or $3,000.”
Price at forecast: $1,808.00 USD/oz on 23 February, 2022.

$3,000 – Clem Chambers – CEO of stocks and investment website ADVFN
Gold on its way to $3,000 an ounce
“In my opinion, the prices may fall by about 10 per cent initially but will jump by more than 30 per cent in the next 1 to 2 years. I think the bottom for gold prices could be somewhere near $1,650 per ounce but the higher side can be $2,200 per ounce.”
Price at forecast: $1,808.00 USD/oz on 16 February, 2022.

$2,150 12-month price forecast – Goldman Sachs
Goldman Sachs long gold, sees prices rising to $2,150
“Gold has established above the $1,800 level. However, strategists at UBS expect the yellow metal to move downward and hit the $1,650 mark by the end of the year.”
Price at forecast: $1,849.74 USD/oz on 26 January, 2022.

$1,650 by the end of the year – UBS
Gold Price Forecast: XAU/USD to sink towards $1,650 by end-2022 – UBS
“Gold has established above the $1,800 level. However, strategists at UBS expect the yellow metal to move downward and hit the $1,650 mark by the end of the year.”
Price at forecast: $1,819.33 USD/oz on 18 January, 2022.

2021 Predictions

$2,200 in 1 to 2 years – Surendra Mehta (IBJA)
Expect gold to touch $2,200 in 1 to 2 years, says IBJA’s Surendra Mehta
“In my opinion, the prices may fall by about 10 per cent initially but will jump by more than 30 per cent in the next 1 to 2 years. I think the bottom for gold prices could be somewhere near $1,650 per ounce but the higher side can be $2,200 per ounce.”
Price at forecast: $1,760.47 USD/oz on 13 October, 2021.

Sub-$1,600 in 2022 – Citibank
Gold Price Forecast: XAU/USD to average sub-$1600 in 2022 – Citibank
“We are bearish spot and forward gold markets, forecasting a sub-$1,600/oz average in 2022.”
Price at forecast: $1,749.50 USD/oz on 27 September, 2021.

$3,000 in “this cycle’s peak” – David Garofalo, CEO of Gold Royalty Corp
$3,000 gold is this cycle’s peak, and it’s coming, here’s why – David Garofalo
“Gold’s all-time peak in real terms was actually achieved in 1981 when the nominal gold price was $850 an ounce, that would be $3,000 an ounce in 2021 dollars. That’s what I think I see in this cycle.”
Price at forecast: $1,766.88 USD/oz on 23 September, 2021.

$3,000 to $5,000 in the next 3 to 5 years – Diego Parrilla, Quadriga Igneo fund manager
Gold can still top $3,000 amid recovery, says Quadriga Fund
“The fund manager said he’s sticking to his view that gold could rise to $3,000 to $5,000 an ounce in the next three to five years. ”
Price at forecast: $1,781.20 USD/oz on 21 August, 2021.

$1,750 by year-end – Marc Chandler, managing director at Bannockburn Global Forex
Gold to fall to $1,750 by year end – Bannockburn Global Forex
“By the second half of next year, when we talk about 3% growth, it will be from the rearview mirror. So if the world is going to slow down towards the end of this year, I have to put gold may be at $1,750”.
Price at forecast: $1,826.48 USD/oz on 15 July, 2021.

$1,500 by end of 2022 – OCBC Bank
OCBC sees gold price falling to $1,500 by end of 2022
“Singapore’s OCBC Bank is the latest institution to come out with a negative price forecast for the precious metal. The analysts said that the gold price peaked as they expected real bond yields to rise as inflation concerns started to diminish.”
Price at forecast: $1,867.27 USD/oz on 15 June, 2021.

$2,000 by end of 2021 – Commerzbank
Commerzbank expects gold to rise to $2,000/oz by end of 2021 – Reuters
“Commerzbank expects inflation concerns to lift the gold price up to $2,000/oz by the end of the year, as reported by Reuters.”
Price at forecast: $1,873.85 USD/oz on 14 June, 2021.

$2,700 in 1 to 2 years – Chris Vermeulen, chief market strategist of The Techcnical Traders
$2,700 gold price ‘could be reached in 1 to 2 years’ at the earliest – Chris Vermeulen
“We’re looking at roughly $2,700, give or take, up there to the upside, and based on the pattern that has unfolded, I would say it could be reached in the next one to two years, that would be probably the earliest”.
Price at forecast: $1,898.71 USD/oz on 8 June, 2021.

$4,000 in 3 years – Frank Holmes, CEO and CIO of U.S. Global Investors
Gold price to hit $4,000 in 3 years, real inflation is at 12 % – Frank Holmes
“With price pressures rising significantly. Holmes’ reiterated his call for gold prices to push to $4,000 an ounce within three years.”
Price at forecast: $1,904.24 USD/oz on 31 May, 2021.

$2,035 by year end – Tapan Patel- Senior Analyst (Commodities), HDFC Securities
Interview| Gold prices to touch $2,035/oz by year-end; non-ferrous metal rally supported by higher demand prospects: HDFC Sec’s Tapan Patel
“The year-end target is expected at $2,035 after breaking major resistance at $1,970 per ounce”.
Price at forecast: $1,904.05 USD/oz on 29 May, 2021.

$1,800 by the end of 2021 – Morgan Stanley
Gold could drop below $1,800 by the end of 2021 – Morgan Stanley
“Analysts at the investment banking giant Morgan Stanley foresee gold falling below $1,800 per ounce by the end of 2021 as the rise in inflation is likely to be tepid at best.”
Price at forecast: $1,790.32 USD/oz on 16 February, 2021.

$2,300 this year – State Street Global Advisors
Gold price target of $2,300 is conservative as precious metal sees healthy consolidation – State Street Global Advisors
“With all this uncertainty in the marketplace, Milling-Stanley said that he remains optimistic that gold prices can push to new highs this year. He added that estimates for prices to move to $2,300 could be considered as conservative in the current environment.”
Price at forecast: $1,837.83 USD/oz on 9 February, 2021.

$2,200 in 2021 – Saxo Bank
Gold to push above $2,000 as Saxo Bank sees 2021 as the start of broad commodity bull market
“Currently, the bank is looking for gold prices to push to $2,200 an ounce this year”.
Price at forecast: $1,850.92 USD/oz on 26 January, 2021.

$2,000 in 2021 – Standard Chartered
Gold to retest $2000 and record new all-time highs – Standard Chartered
Price at forecast: $1,870.25 USD/oz on 20 January, 2021.

$2,300 in 2021 – MKS
Gold prices to push to $2,300, silver to hit $40 in 2021 – MKS
“In its 2021 outlook report, pushed earlier this week, analysts at MKS are remaining extremely bullish on both gold and silver. Despite the weak start to gold, the European precious metals firm said that it expects gold prices to push to $2,300 an ounce this year. The analysts said that they see prices averaging the year around $2,072 an ounce.”
Price at forecast: $1,841.32 USD/oz on 19 January, 2021.

$3,400 in 2-3 years – Joe Foster at VanEck
This is the gold price should hyperinflation kick in – VanEck’s Joe Foster
“Inflation could run above the Federal Reserve’s 2% target by as early as April, said Joe Foster, portfolio manager of the VanEck International Investors Gold Fund, and a highly inflationary environment will be the main catalyst behind gold price breaching its previous all-time highs to reach above $3,000 an ounce. Foster said that gold’s target price over the next two to three years is $3,400.”
Price at forecast: $1,846.57 USD/oz on 14 January, 2021.

Gold price forecast archives

Looking at the predictions of previous years you can see how forecasts are made during bear and bull markets. During the last bear market predictions were less accurate. Pundits were continually calling the imminent break out of the gold price that would signal the next bull run.

In the current gold bull market there are more accurate predictions, proving the old adage that everybody’s a genius in a bull market.

Some of these forecasts are still active, but they have been filed here in the year that they were made.

2020 Predictions

Gold began 2020 at $1,527 per ounce, and at that point, no one had factored in a global pandemic as part of their predictions.

$4,000 in 2021 – Frank Holmes
Frank Holmes maintains $4k gold price target; stocks, bitcoin, inflation to rise in 2021
Price at forecast: $1,892.98 USD/oz on 30 December, 2020.

$2,600 over next 12 month – Frank Holmes
Frank Holmes: $2,600 gold is ‘very doable’; Bitcoin, Ethereum’s future explained
““A two-standard deviation move, which happens so often now in the past 21 years, we can get between a $400 move and an $800 move in the price of gold over the next 12 months. That would take us from to $2,200 to $2,600,” Holmes said.”
Price at forecast: $1,864.49 USD/oz on 7 December, 2020.

$2,100 in 2021 – ANZ
Gold to trade around $2,100 next year – ANZ
Price at forecast: $1,809.51 USD/oz on 26 November, 2020.

$2,500 in 2021 – Citigroup
Gold to $2,500: Two ETF analysts break down Citi’s bullish call for 2021
“Citigroup in recent weeks came out with a $2,500 price target on the yellow metal for 2021, comparing its mosaic of catalysts to that of gold’s 1970-1980 bull market.”
Price at forecast: $1,807.21 USD/oz on 25 November, 2020.

$2,300 in 2021 – CIBC
Gold to rally towards $2300 in 2021 – CIBC
Price at forecast: $1,807.21 USD/oz on 25 November, 2020.

$1,650 in next two years – Westpac
Peak in gold price? Precious metal to drop below $1,650 in next two years, says Westpac
Price at forecast: $1,805.94 USD/oz on 24 November, 2020.

$5,000 ‘not that far out’ – Rob McEwen, chairman of McEwen Mining
$5,000 gold price ‘is not that far out’ – Rob McEwen
Price at forecast: $1,865.48 USD/oz on 11 November, 2020.

$2,100 to $2,300 by year-end – Chris Vermeulen, chief market strategist of Technical Traders
Gold stocks to climb 60%; gold price to hit $2,300 by year-end
Price at forecast: $1,925.61 USD/oz on 21 October, 2020.
Forecast result: $1,893.66 on 31 December, 2020.

$10,000 over the next several years – AG Thorson, CMT (Chartered Market Technician) at Gold Predict
Gold forecast – how gold prices could exceed $10,000
Price at forecast: $1,899.65 USD/oz on 4 October, 2020.

$2,275 in 2021 – Citibank
Gold: Set to hit another record high of $2275/oz in 2021 – Citibank
Price at forecast: $1,901.26 USD/oz on 23 September, 2020.

$20,000 – Pierre Lassonde, chair emeritus of Franco-Nevada
Can gold hit $20,000? Pierre Lassonde talks industry’s future and his legacy
“Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada.”
Price at forecast: $1,949.35 USD/oz on 15 September, 2020.

$2,200 by year-end – Barry Stuppler, Kitco
The final straw that will push gold to $2,200 or more by year-end
Price at forecast: $1,949.35 USD/oz on 15 September, 2020.

$2,500 by year-end – E.B. Tucker, director of Metalla Royalty
E.B. Tucker forecasts $40 silver price, $2,500 gold by year-end
Price at forecast: $1,958.70 USD/oz on 14 September, 2020.

$2,200 by the end of the year – Heraeus Precious Metals
Heraeus calls for $2,200 gold price and $35 silver price for year end
Price at forecast: $1,972.35 USD/oz on 1 September, 2020.

$3,000 during this bull run – Bloomberg Intelligence
Gold at $3,000? ‘Upward gold price trajectory to accelerate’ – Bloomberg Intelligence
“There is a good chance for gold to even reach $3,000 an ounce during this bull run, according to Bloomberg Intelligence charts.”
Price at forecast: $1,933.58 USD/oz on 24 August, 2020.

$5,500 at the peak of current bull market – Chris Wood at Jefferies
Chris Wood sees another 180% run-up in gold price to $5500 per ounce
“…a price of $5,500 is now a reasonable price target at the peak of the current secular bull market”.
Price at forecast: $1,952.44 USD/oz on 21 August, 2020.

$2,300 over the next six-to-twelve months – ANZ Bank
Gold seen at $2,300 on a six-to-twelve month view – ANZ
“Uncertainty dominates as the pandemic rages on and trade tension persists. Together, they should see a strong safe-haven demand for gold. Economists at ANZ Bank forecast gold and silver at $2,300 and $27 respectively on a six-to-twelve month view.”
Price at forecast: $1,939 USD/oz on 12 August, 2020.

$3,400 – Jan van Eck, CEO of Van Eck Associates
Gold could head as high as $3,400, VanEck CEO says as metal pulls back from records
Price at forecast: $1,939 USD/oz on 12 August, 2020.

$4,000 in the next 3 years – Frank Holmes, CEO at U.S. Global Investors
The gold rally could forge ahead to $4,000, but analyst says two events could turn its fortunes
“Gold prices could forge ahead to $4,000 per ounce in the next three years, but factors such as the development of a coronavirus vaccine and the November U.S. elections could change the fortunes of the precious metal”.
Price at forecast: $2,030.70 USD/oz on 10 August, 2020.

$10,000 or higher over the next four years – Jim Rickards for The Daily Reckoning
Central Banks: Gold’s Greatest Ally
Price at forecast: $1,782 USD/oz on 29 June, 2020.

$2,000 in 2021 – TD Securities
Gold on course for $2,000 plus in 2021: TD Securities
“…we’re looking at gold to be north of $2,000/oz, perhaps even more towards the latter part of 2021”.
Price at forecast: $1,702.75 USD/oz on 30 April, 2020.
Forecast result: $2,000 on 5 August, 2020.

$3,000 18-month target – Bank of America
Gold to reach $3,000—50% above its record, Bank of America says
“Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce — more than 50% above the existing price record — in a report titled “The Fed can’t print gold.””
Price at forecast: $1,682.50 USD/oz on 21 April, 2020.

$3,000 by 2022 – Sean Williams at The Motley Fool
Gold to $3,000 by 2022? Sounds Crazy, but It Isn’t
“While most investment vehicles are liable to struggle in the shadow of COVID-19 (at least in the interim), it may prove to be the perfect storm of events that sends physical gold prices shooting through the roof.”
Price at forecast: $1,608.95 USD/oz on 31 March, 2020.

$3,000 “long-term target” – WingCapital Investments
Gold prices can fall to $1,300 an ounce as recession looms – IHS Markit
“In terms of price outlook, using the post-2008 GFC bull market as a guideline, during which gold more than doubled after the Lehman debacle within the ensuing 3 years, $3000 would be a reasonable long-term target in our opinion.”
Price at forecast: $1,605.45 USD/oz on 25 March, 2020.

$1,300 “second half of the year” – KC Chang at IHS Markit
Gold prices can fall to $1,300 an ounce as recession looms – IHS Markit
“Our outlook for gold is much lower when looking at the second half of the year, as investors continue to hoard cash”.
Price at forecast: $1,474.25 USD/oz on 19 March, 2020.

2019 Predictions

$1,600 in 2020 – Goldman Sachs
Goldman Sachs sees gold at $1,600, silver at $18 in 2020
Price at forecast: $1458.40 USD/oz on 25 November, 2019.
Forecast result: $1604.20 reached 19 February, 2020.

$1,600 in 2020 – World Bank
Gold prices to push to $1,600 an ounce in 2020, says World Bank
Price at forecast: $1,510.35 USD/oz on 31 October, 2019.
Forecast result: $1,604.20 on 19 February, 2020.

$10,000 – Frank Holmes, CEO of U.S. Global Investors
Frank Holmes: Gold is going to $10,000
Price at forecast: $1,485.35 USD/oz on 22 October, 2019.

$2,000 in 2020 – David Roche of Independent Strategy
Gold prices could soar to $2,000 next year, says strategist
Price at forecast: $1,517.10 USD/oz on 3 October, 2019.
Forecast result: $2,000 on 5 August, 2020.

$1,730 in 2020 – UBS
UBS doubles down on gold — ups its forecast again!
Price at forecast: $1,485.30 USD/oz on 30 September, 2019.
Forecast result: $1,741.90 on 14 April, 2020.

$25,000 in 30 years – Pierre Lassonde, co-founder of Franco-Nevada
Pierre Lassonde says gold could hit $25,000 in 30 years
Price at forecast: $1,522.10 USD/oz on 23 September, 2019.

2018 Predictions

$1,400 in 2019 – ABN Amro
Gold bottom is near, $1,400 coming in 2019 – ABN Amro
“Gold prices are closing in on a bottom, with a significant recovery coming in 2019, said ABN Amro in its monthly commodity update.”
Price at forecast: $1,241.70 USD/oz on 15 July, 2018.
Forecast result: $1,405.70 reached on 24 June, 2019.

$10,000 – Jim Rickards for The Daily Reckoning
“Money is gold — and nothing else”
“…my intermediate term forecast is that gold will reach $10,000 per ounce in the course of the current bull market that began in December 2015.”
Price at forecast: $1,315.50 USD/oz on 3 May, 2018.

$2,000 in the year 2028 (or “significantly sooner”) – Jim Wyckoff for Kitco
My case for gold hitting a record high above $2,000
“…if the present trend trajectory continues, gold will hit a new record high sometime in 2027, and will hit $2,000 in the year 2028. However, it’s my bias that gold’s present price uptrend trajectory will accelerate in the next couple years—just like it did during the last big up-trending move that culminated with the present record high of $1,908.60, scored in 2011. If such is indeed the case, gold will hit a new high significantly sooner than nine years out.”
Price at forecast: $1,315.50 USD/oz on 3 May, 2018.
Forecast result: $2,000 on 5 August, 2020.

$1,600 by the end of 2018 – Naeem Aslam
Don’t be afraid of Fed, gold price to touch $1,600
Price at forecast: $1,315.50 USD/oz on 3 May, 2018.
Forecast result: 2018 closed at $1,279, reached $1,324.35 on 11 May.

$1,800 by the end of 2018 – Rob McEwen, McEwen Mining
Rob McEwen: Gold price could hit $1,800 this year
Price at forecast: $1,311 USD/oz on 20 March, 2018.
Forecast result: 2018 closed at $1,279, $1,800 reached on 8 July, 2020.

2017 Predictions

$10,000 in 2018 – Peter Cooper at The National
Could gold do a bitcoin and hit $10,000 an ounce in 2018?
“Personally I believe the best immediate reason gold might suddenly spike to $10,000 in the course of 2018 – and I am not predicting this as I am not an astrologer – is that US dollar weakness looks to be an established trend now, and will get worse.”
Price at forecast: $1,250.65 USD/oz on 10 December, 2017.
Forecast result: $1,354.95 on 25 January was the the 2018 high.

$1,350 in 2017 – Joni Teves at UBS
Gold price +8% in 2017 says top LBMA forecast
Price at forecast: $1,212.80 USD/oz on 31 January, 2017.
Forecast result: Year high of $1,346.25 on 8 September. 2017 closed out at $1,291.

2016 Predictions

Gold price predictions for 2016

$10,000 – Jim Rickards for The Daily Reckoning
Double digit inflation and the rise of gold
“If you flood the market in dollars of SDRs, one of two things is going to happen. Either that’s going to work, and will be highly inflationary, which is going to take gold to $10,000 an ounce, or it’s not going to work, in which case you’re going to have to go back to a gold standard, in which case it’s going to be $10,000 an ounce.”
Price at forecast: $1,318.75 USD/oz on 26 August, 2016.

$1,500 by end of 2016 – Prince William Ankrah, Ghana Mineworkers’ Union
Bullish prediction put gold price at US$1,500 by year end
Price at forecast: $1,341 USD/oz on 9 August, 2016.
Forecast result: Year closed out at $1,145.90.

$1,400 after Brexit (23 June 2016) – Seeking Alpha
A Brexit could send the gold price beyond $1,400
Price at forecast: $1,244 USD/oz on 6 June, 2016.
Forecast result: $1,405.70 24 June, 2019.

$2,000 “in the next couple of years” – Moe Zulfiqar for Profit Confidential
Gold prices: one big reason why $2,000 gold could be possible
“Where could gold prices end in the next couple of years? If the conditions remain persistent, it will not be shocking to see gold at $2,000 an ounce.”
Price at forecast: $1,272.90 USD/oz on 18 May, 2016.
Forecast result: $2,000 on 5 August, 2020.

$8,000 – Pierre Lassonde
Gold price: insider says gold bullion prices could hit $8,000
“Pierre Lassonde, the legendary gold investor, predicts the gold price could sextuple to reach $8,000 an ounce based on a connection between the Dow Jones Industrial Average performance and the gold price change over the past eight decades.”
Price at forecast: $1,264.75 USD/oz on 13 March, 2016.

$1,214 average price in 2016 – ABN Amro
Gold to average $1,200 through 2016
Price at forecast: $1,277.50 USD/oz on 6 March, 2016.
Forecast result: $1,250.74 was the average price for 2016.

$931 “in the months ahead” – Jason Stevenson for Money Morning
Why gold’s on track to hit US$931 per ounce
“Adding it up, while another sharp bounce is possible, expect US$931 per ounce in the months ahead. Of course, gold could crash even lower. Aussie dollar gold — a currency adjusted version — won’t survive when this happens. Remember, this is just the initial reaction. Later, when punters figure out what’s wrong, gold should surge.”
Price at forecast: $1,211 USD/oz on 22 February, 2016.
Forecast result: $1126.95 on 15 December was the lowest point of the year.

$1,800 to $2,000 and “substantially higher” – Jordan Eliseo
Gold bugs predict $US2,000-plus prices
Price at forecast: $1,209.50 USD/oz on 16 February, 2016.
Forecast result: $1,800 on 8 July, and $2,000 on 5 August, 2020.

$22,000 to $50,000 – Hugo Salinas Price, Mexican Civic Association for Silver
Revaluation of gold coming – gold price to $22,000 per ounce?
Price at forecast: $1,113.60 USD/oz on 26 January, 2016.

$970 average price in 2016 – Bernard Dahdah at Natixis
2016 gold price to fall 14% says 2015’s top forecaster
Price at forecast: $1,088,40 USD/oz on 14 January, 2016.
Forecast result: $1,250.74 was the average price for 2016.

2015 Predictions

$13,000 long term – Peter Schiff
What to take away from this bold Peter Schiff gold prediction
Price at forecast: $1,181.40 USD/oz on 15 June, 2015.

$25,000 over the next decade plus – Avi Gilburt
The next great bull market: Gold $25,000
Price at forecast: $1,164.60 USD/oz on 5 June, 2015.

2014 Predictions

$10,000 – Jason Hamlin for Kitco
$10,000 gold, is it possible?
“…the prospect of 5-digit gold is not so far-fetched. Gold at $10,000 or higher is not as unlikely as many people would think.”
Price at forecast: $1,322.80 USD/oz on 9 July, 2014.

2013 Predictions

$3,500 “in the next couple of years” – Tom Fitzpatrick, Citigroup
Gold prices could skyrocket to $3,500, in wild unorthodox estimate from Citi analyst
“Gold prices could climb to $3,500 per ounce in the next few years, well beyond double the current market price of $1,411, according to an unorthodox estimate by Citigroup Inc (NYSE:C) analyst Tom Fitzpatrick.”
Price at forecast: $1,407.75 USD/oz on 29 August, 2013.

$1,600 by year end – Anthem Blanchard, CEO of Anthem Vault
Pro: Three reasons gold will hit $1,600 by year-end
Price at forecast: $1,341 USD/oz on 12 August, 2013.
Forecast result: Year high of 1419.50 on 28 August, year end $1,204.50.

$1,050 by end 2014 – Anthem, CEO
No longer a safe haven? Gold price will slide to $1,050 by end of 2014, predicts Goldman Sachs
Price at forecast: $1,286.75 USD/oz on 24 June, 2013.
Forecast result: 2014 ended at $1,206.

$10,000 – Albert Edwards, Societe Generale
Warning! Stocks to crash, gold to top $10,000: Albert Edwards
“…our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1 percent U.S. 10-year yields and gold above $10,000.”
Price at forecast: $1,451 USD/oz on 25 April, 2013.

$2,000 by early 2014 – Eugen Weinber, Commerzbank
Gold or platinum—which will get to $2,000 first?
“…as inflationary pressures become more visible in the second-half, it will lend support to gold prices, which could hit $2,000 at some point in the fourth quarter or early 2014”.
Price at forecast: $1,664.75 USD/oz on 31 January, 2013.
Forecast result: 2013 ended at $1204.50.

$1,800 this year – Ermin DM Siow, FGJAM
Gold price could hit US$1,800 per ounce this year
“Federation of Goldsmiths and Jewelers Associations of Malaysia deputy president Ermin DM Siow said the gold price at present was lingering around US$1,650 per ounce and could hit US$1,800 per ounce this year.”
Price at forecast: $1,687.50 USD/oz on 21 January, 2013.
Forecast result: Year high of $1,690.50 on 22 January, year ended at $1204.50.

2012 Predictions

$10,000 – Michael Pento, president and founder of Pento Portfolio Strategies
Michael Pento: It would be more surprising if gold didn’t go to $10,000
Price at forecast: $1,657.50 USD/oz on 29 December, 2012.

$12,000 – Addison Wiggin at Daily Reckoning
A formula for $12,000 gold
“”The gold coverage ratio has risen above 100% twice during 20th century,” most recently at gold’s 1980 peak. “Were this to happen today, the value of an ounce of gold would exceed $12,000.””
Price at forecast: $1,766.55 USD/oz on 12 October, 2012.

$5,000 “this decade” – Clem Chambers, CEO of ADVFN
Gold set for $5,000? it’s a matter of when, not if
“The price of gold may rise to US$5,000 an ounce just because the value of the dollar might half in the coming few years. If the U.S. government decides to rein in the real value of its titanic debt by inflating it away at 5-10% a year then gold could cruise to $5,000 an ounce this decade without the need of the kind of vertical price spike I’m expecting.”
Price at forecast: $1,770 USD/oz on 29 February, 2012.

$10,000 – Nick Barisheff, CEO of Bullion Management Group Inc.
Rising debt will lead to $10,000 gold: Barisheff
“Growing debt levels in the developed world will continue to bolster gold into the foreseeable future, bringing with it the potential for the precious metal to eventually reach $10,000 an ounce, noted gold bull Nick Barisheff told a forum in Toronto.”
Price at forecast: $1,616.50 USD/oz on 6 January, 2012.

2011 Predictions

$10,000 – Ron Paul, U.S Congressman
How Ron Paul would fix the economy
“Congressman Ron Paul fears gold prices could hit $10,000 an ounce if the U.S. doesn’t get its fiscal house in order.”
Price at forecast: $1,544 USD/oz on 20 June, 2011.

2010 Predictions

$10,000 by 2012 – Arnold Bock, editor of www.munKNEE.com
Gold going to parabolic top of $10,000 by 2012 – for good reasons
“No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons – sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations – which will all contribute to rampant price inflation.”
Price at forecast: $1,395.50 USD/oz on 5 November, 2010.

$10,000 – Multiple analysts
Why many analysts see gold going as high as $10,000

Price at forecast: $1,226.50 USD/oz on 23 June, 2010.

2008 Predictions

$10,000 price target for 2015-2020 – Dr Krassimir Petrov
How high can gold go before peaking – Gold Dow Jones ratio important indicator
“To summarize, I believe that both deflation and very strong inflation are not very likely. The likely outcome will be stagflation. Then a $10,000 price of gold is consistent with this view. This is my price target for 2015-2020. My advice is simple – stay with gold and you will be fine in the long run. ”
Price at forecast: $924 USD/oz on 19 February, 2008.

Gold forecast notes and disclaimers

This is an aggregated list of gold price forecasts and not recommendations, endorsements, or predictions by Goldscape.net.

There are numerous predictions made every month, and not all of them are included.

Vague predictions that don’t have a price target are left out (“gold will go up after Brexit”). Most of the predictions have a target price by a certain date (“gold will rise to x by the end of y”).

Some price predictions without dates are included if they are hyper-bullish (over $10,000) and offer a detailed reason why.