Gold Price Forecast Oz

Today the price of gold hovering around 1276 80 us an ounce.

Gold price forecast oz. Gold price forecast at the end of the month 44128 change for march 3 00. Xau to usd outlook. The average rate for the month 43328.

Two project it will average in the 1 900 range. So this an early stage bull market in precious metals and our gold price forecast reflects a strong start in 2021. Towards the end of 2019 the price of gold sat around 1 470 per oz and this growth came about for a number of reasons but the most obvious of them being the possibility of an impending recession globally.

According to the london bullion market association s lbma annual precious metals forecast competition analysts were forecasting the gold price to be 1 558 8 oz on average an increase of 12. The price in us dollars per troy ounce. You can see that most analysts predict gold will exceed 2 000 per ounce in 2021.

June 19 reuters goldman sachs raised its gold price forecast on friday as it expects a rally in bullion. Please see our methodology page for a better understanding of how this forecast is created. Gold forecast for next months and years.

Gold price forecast at the end of the month 42850 change for april 2 90. Trading between 3000 5000 per ounce. A couple interesting points to highlight from these analysts.

Today updated gold price forecast and predictions for 2021 2022 2023 and 2024. Our 2021 forecast is strongly bullish with a big spike. Below is a forecast of the price of gold broken down by month.