Gold price forecast 2022, 2025 to 2030: price outlook current & long-term

Zalim
October 5, 2021
Gold price forecasts are published almost daily. The precious metal is still one of the most attractive and safest financial investments in the world.
gold-price-forecast

Gold price forecasts are published almost daily. The precious metal is still one of the most attractive and safest financial investments in the world.

Various economic and political events can have a negative or positive effect on the gold price. In our gold price forecast, you can find out what the future of precious metal is like.

For this purpose, we have brought together our raw material experts and carried out a detailed analysis of the historical gold price, politics, lifestyle and (future) technology and summarized these for you in a future forecast.

Table of Contents

Our gold price forecast 2021, 2022, 2023, 2024, 2025, 2030 to 2050: Where is the gold price going?

The same indicators for the 2020 gold forecast may not apply to the following years. If the markets recover again, the DAX can rise again, and investors increasingly rush to equities, then the gold price is unlikely to grow as strongly as in the previous year. Many fundamental aspects play a role in such considerations, but looking at the technical forecast is also worthwhile.

yearGold price forecastCourse development
2021$ 2,195 an ounce15.59%
2022$ 2,525 an ounce32.96%
2023$ 2,942 an ounce54.92%
2024$ 3,159 per ounce66.35%
2025$ 2,790 an ounce46.92%

For 2021, the gold price forecast envisages a sideways movement in the price, with the price likely to rise towards the end of the year. The average price we forecast is $ 2,195.

The gold price forecast for 2022 is, above all, bullish. Accordingly, the price will rise sharply over the course of the year and jump to the $ 2,300 mark. The average price is likely to trade at $ 2,525.

This trend will continue into 2023. As a result, the price of gold will continue to rise and is expected to make it just above the $ 3,000 mark. The average price is likely to be $ 2,942 .

The gold price forecast for 2024 predicts that the price will level out between $ 3,000 and $ 3,300. Accordingly, the average price is listed at 3,159 US dollars.

The gold price forecast for 2025 expects prices to fall slightly again. The price finds its median at $ 2,790. Thus, we expect the course to stagnate in the next 2-3 years.

In the gold forecast for 2030, the price will have fallen to an average of $ 2,526. With an end price of US $ 2,411, the gold price will continue to be weakened for the next few years but will be able to assert itself over time.

The long-term development of the gold price envisages higher prices for the year 2050. As a result, the average price is expected to trade at $ 4,078.

gold-price-forecast

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How is the gold price created? What is the price of gold?

The price of an ounce of gold has been fixed on the London Stock Exchange since the 18th century. Since 1968, important traders have met twice a day at the Bullion Market and set the current gold price (London Gold Fixing) here. This does not happen arbitrarily, various factors influence the price of gold and the trader’s decision.

The gold rate is quoted in US dollars per troy ounce of gold. An ounce is an internationally standardized unit and is measured at 31.10 grams with a purity of 999.9 ‰. Therefore, if you buy different gold bars or gold coins, you will pay different amounts depending on the purity and weight.

Supply and demand are important factors in the price of gold. Especially in times of crisis, buyers push the gold market, as the precious metal is considered a safe investment. If central bank interest rates are low and inflation rises, investors save their savings with gold and other precious metals.

Furthermore, the gold price is strongly interwoven with the US economy and the dollar price. A rise often follows a collapse in the dollar rate in the price of gold. The central banks themselves can influence the price of gold by buying gold or selling it again.

Gold must also be mined. The production of the gold mines ensures the supply. The more precious metal there is, the lower the price.

Gold price so far: Our analysis

The gold price has not only been recorded for a few years; the history of gold goes back several thousand years. However, for our analysis, we will concentrate only on the last two decades.

gold-price-forecast

The turn of the millennium also brought a breath of fresh air to the gold course. After the prices of gold had tended to fall in previous years, they now slowly increased due to the high national debt of the USA. In 2005, the price of gold rose from $ 320 to $ 420. This trend continued over the following years. In 2008 the rate rose above $ 600 and in 2009 to $ 760.

The gold outlook looked very bright at this point. In 2010 the gold price continued its development and had long since risen above 1,000 US dollars. In October 2012, the gold price peaked at $ 1,360.

After that, the gold price fell again. In 2014 it was listed below $ 1,000. The gold prognosis for the following years was also positive. The gold price soon made it back above $ 1,000. In July 2016, the gold price was quoted at $ 1,235. Even if prices then fell again, the price could still hold above the $ 1,000 mark.

Even before the new decade began, the gold price forecast for 2020 was looking very good. On September 5, 2019, the price of gold rose to $ 1,400. The price then fell back to $ 1,300. What no one had on the screen in their 2020 gold price forecast was the outbreak of the corona crisis. News of the virus rocked the markets and made traders look for safe-havens. The first port of call for this was gold. On August 10, 2020, the price of gold was trading at $ 1,725. The course then fell a little. The gold price forecast currently anticipates rising prices, but how does it look in the long term?

Should you buy gold now or not? Does it make sense to buy gold now?

The technical analysis of our forecast gold price suggests an increase in the gold price and, therefore, a purchase. Keep in mind, however, that technical analysis should be treated with caution. Several factors can affect the price of gold that can not be considered in technical analysis.

Gold is generally a very good investment, but one should keep in mind that its current price is historically very high. The technical analysis expects rising prices but assumes current trends. These trends could change soon.

If you have an interest to trade with gold, then Capixal is a good place. The regulated broker offers trading in various assets, including currencies, cryptocurrencies, stocks and options, and stands out from the crowd with its social trading.

Will the value of gold go up? Does gold still have a future? When will the gold price explode?

Gold will always have a future and will play a role as a safe haven in times of crisis. Traders may sell their gold when the markets are stable, but many hold gold as an investment for bad times.

Another price explosion is difficult to predict and will likely be influenced by external factors. However, in times of crisis, the gold price is likely to rise massively. Then it is better to spot the signs and invest beforehand.

Is gold a good investment?

Gold has proven itself to be an investment for centuries. The precious metal is a constant of prosperity. It offers an opportunity to save your savings through bad times while stocks and fiat currencies weaken.

gold-price-forecast

Why does gold lose value, and when does the gold price fall again?

Various factors can cause the price of gold to fall, for example, the strengthening of the US economy and the dollar price. The central banks could also have their fingers in the game and knowingly influence the gold price.

 When should you buy gold?

Owning gold is always worthwhile. If you buy gold as an investment for difficult times of crisis, the current price should play less of a role. In times of crisis, the gold price is more likely to rise so much that it should exceed current prices.

If you want to sell gold primarily for profit, watch out for low prices. Gold isn’t necessarily an extremely volatile commodity, so it can take a while for the price to drop or rise enough to make it worth buying or selling.

Which gold coins should you buy?

Well-known gold coins would be Krugerrand from South Africa, Maple Leaf from Canada, American Eagle from the USA, the Vienna Philharmonic of the Austrian Mint or the Britannia of the Royal Mint in Great Britain. Apart from personal taste, the embossing itself does not play an important role. It is more important that the mint is trustworthy and that the coin has a high degree of fineness. Bullion coins from reputable mints are particularly suitable as investments.

  • Krugerrand
  • Maple Leaf
  • American Eagle
  • Wiener Philharmoniker
  • Britannia

In general, we do not recommend, gold coins as an investment to buy, they should serve as a hedge. We, therefore, advise buying gold in the form of stocks, CFDs or ETFs from Capixal.

Should you buy gold or silver now? Which precious metal is the best investment?

There are several reasons to at least partially rely on silver. First, at the moment, silver is a little undervalued. Another reason would be the practical use: Should currencies such as the euro or dollar collapse and become worthless, then precious metals such as gold and silver could be used again.

But gold is less suitable for paying for bread at the bakers. It’s too valuable for that. Silver is more suitable for this.

gold-price-forecast

Gold price forecast Conclusion: Our analysis and recommendation

At the moment the gold price is valued highly. According to our gold price forecast, the precious metal price will continue to rise in the coming months and years. An investment in gold is always worthwhile; as a crisis-proof investment, it is suitable for any long-term portfolio.

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