Here you can find the latest gold price forecasts from the best analysts on Wall Street. What analysts expect for the gold price in the future.
UBS increased the gold price target for the end of 2025 to 2,900 per ounce. UBS also raised the 2026 gold price target to 2,950. (11-20-2024)
Goldman Sachs reiterates gold price target of $3,000 an ounce by December 2025. (11-18-2024)
Goldman Sachs: for a rising gold price structural drivers include: higher demand from central banks – flows into exchange-traded funds (ETFs) – Fed rate cuts – unprecedented escalation of trade tensions could revive speculative positioning in gold – rising concern over US fiscal sustainability. (11-18-2024)
Citigroup said that gold is set to hit $3,000/oz over the next 6 to 18 months on increasing investor inflows amid expectations that the FED will eventually cut interest rates, Citi has also moved higher the gold “price floor” from around $1,000 to $2,000/oz. (4-16-2024)
ANZ Research expects gold to trade near $2,500/oz by the end of 2024. (4-15-2024)
Goldman Sachs GS says gold is in an “unshakable bull market,” and has raised its year-end forecast from $2,300 to $2,700. (4-12-2024)
BofA expects Gold to rally above $3,000/oz over the next 12 months. (4-9-2024)
UBS lifted their gold forecasts for this year by $250 an ounce each. Their June forecast was lifted to $2,300 an ounce, a target that has been exceeded, and year-end and end-March 2025 forecasts to $2,500 an ounce. The bank previously maintained an end-2024 target of $2,250 an ounce (4-8-2024)
Citi analysts boosted their gold price targets, their zero to three-month price targets for gold and silver were lifted by 9% and 16%, respectively, to $2,400/oz and $28/oz. (4-5-2024)
Bank of America sees gold price at $1750 in the first quarter of 2023, at $1800 in the second quarter, at $2000 in the Q3 and at $2000 per ounce in the fourth quarter of 2023. (3-7-2023)
Commerzbank sees a gold price of $1,850 per troy ounce by mid-year and of $1,950 by year’s end. (7-2-2023)
Citi is bullish on Gold for 2023 and especially in the 2nd half of 2023, and now expects an average of $1,900/oz by the end of the year (12-19-2022)
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